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>>61926918

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>>61926918

>>61926918
Bro what

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>>61926918

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>>61926918
Nice losses bro

not even the biggest loss I've ever seen.

Idk guys. Might just end it

>>61927058
How much do you have left?
Go all in DAVE right this instant.

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>>61926918
If you weren't part of the top 10% in 2025, you're lower class

everyone's in the same boat op

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>>61927287
This included if you owned a home, which are inflated in prices. If you exclude home ownership and 1 million in value they could spend, its 2.3%

>>61926918
bump

>>61926918
ive seen worse

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>>61927347
>>61930192
At least I'm getting some money back from this. From my understanding I can wipe out tax from future gains by referencing this loss until eventually I have $0 as a loss

>>61930563
kek, no, there's a limit to what can be claimed, you should've talked to a tax guy for advice on structuring the loss before you made this huge mess

>>61926918
>Do these losses roll over to future years?
Yes, but there is annual cap of $3000. Which means that you will be able to "cancel out" $3000 of your future gains/income per year, every year for the next 34 years.

If in 2026, you were to somehow make a profit of $100k...you would still only be able to deduct $3k from that. You would owe capital gains tax on $97k.

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>>61930593
>>61930603
So, then is picrel wrong? My tax guy is AI

>>61930621
>My tax guy is AI
lol. lmao.

>>61930621
Your capital losses offset future gains until you die or it goes net positive.

The 3000 dollar limit is only for using the loss against ordinary income gains.

So if you lost 100k one year but gambled it all back on options 3 years later you wont be taxed on that 100k gain. The fact most retards here dont understand this is why you never trust other people's investment advice.

>Guy currently working through 400k loss from 2020
Ive made it all back and more but in my ira so no tax anyways until Im old :^)
Btw that 400k loss was from listening to biz about some shit stock. Last time I did so and have been profitable ever since.

>>61931152
Thanks anon. What did you invest in to make it all back?

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yikes