MultiCorp International Inc (MCIC)

[shortgain99]

Yes, if you take for example $10,000 dollars in gains and $10,000 dollars in losses: you have a tax liability of zero.

I believe you can take up to $3,000 in losses above your earned income as well. I have for several years now used my losses to limit my tax liability of my earned income.

To save my posts for the day, my answer to the gainskeeper advise: I have had some issues with gainskeeper being 100% accurate. I still use a hand written ledger to manage my gains and losses.(I know old school, but I trust me a lot more than a computer program.)

A bit of trivia: Some of these billionares who booked their losses from the last year or two, will be able to take the losses off their future earning for possible the rest of thier lives.