money money money cover image

625 let's talk about tax, baby!

money money money

00:00

How to Offset Losses Against Gains That You Incur in the Future

Yes, you can offset your losses against the gains that you incur in that year. There's two different types of capital gains: discountable and undiscountable. When you're applying losses to your gains, you offset against the undiscountability gains first. If there is a silver lining, capital losses, you can take them to the grave. So they stay in your own tax return, tax file number for ever more A-men.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app