Thriving During Uncertain Times (with Phil and Danielle Town)
The Stacking Benjamins Show
00:00
Is the S&P 500 a Good Investment?
tom's talking about here is taking some capital losses at the end of the year so you bought a hundred thousand dollars worth of stock today it's worth eighty if you sell that you get to hang on to that minus twenty. You can use it to offset any other capital gains that you have throughout the year on any other types of investments or use up to three thousand of it every year to kind of offset your income. The problem is is that if you sell it and then you turn around and buy it again the iris is like you're just trying to take advantage of the system so to heck with you they don't count that sale then as a loss for for tax purposes so you got
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