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by Arnt 1000 days ago
He does, but the writeoff can't be bigger than what he invested.

Except when it can. It's often possible to do several investments at roughly the same time (within a few years of each other), lose massively on one and write off more than you invested on that one as long as you make a profit on the others and the profit is larger than what you want to write off.

1 comments

I think it’s that you can negate capital gains with capital losses. Even if, he’s losing money. His tax rate is not 100%.