Replying to Avatar plebiANON

You are missing the point here. Your capital losses are capped at $3k per year against your income. Your capital gains are infinity. Waiting for “next year” to maybe get a chance at offsetting losses you took in the current year is preposterous.
Avatar
Sahil Chaturvedi 1y ago

Ok I hear you. We’re both right, I was just missing your original point.

Reply to this note

Please Login to reply.

Discussion

Avatar
Sahil Chaturvedi 1y ago

I’m “right” in the sense that I was arguing with a strawman, someone who was saying you should be worried about selling bitcoin / not holding zero dollars, which wasn’t your original post

Avatar
plebiANON 1y ago

Fair enough. And I get your point about washing capital gains and losses to any amount. 🤝