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Tuesday, December 05, 2023 10:52:33 AM
re Investor - GOV gets some tax on gains (in SCOTUS now on unrealized foreign gains) ----
but GOV - for investor - at 3K a year - does share the loss - as losses can be deducted up to a net negative of 3K a year (?)
AND more importantly for TAX purposes ---- if I make say 50K in ST capital gains and in same year also lose 45K in capital gains in different stocks ---- I need only show a net gain of 5K ----- to me that is logical sharing in losses (an offset allowed - no limit ? - against gains?)
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