this post was submitted on 19 Sep 2024
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Eh so... If you lose money you also can carry the tax rebate over to the next year in the US...
Yes, humans as well.
https://www.investopedia.com/articles/personal-finance/100515/heres-how-deduct-your-stock-losses-your-tax-bill.asp
Same as companies, just a different maximum amount per year and what's left can be applied to the next year and the next and the next...
Don't hurt your back moving that goalpost
Oh funny, you deleted your comment instead of admitting you were moving the goalpost!
If you make a 30k loss you can get a 3k deduction every year for 10 years.
Corporations have limits to their annual deduction amount as well, it's higher than individuals because duh (if you make enough a year that you compare yourself to corporations and feel that you should be entitled to over 250k in tax deductions a year then I don't know how you don't know how that works).