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[-] Can_Utility@beehaw.org 24 points 1 year ago

At this point it's foolish not to consider this as possibly the greatest tax writeoff in history. Elmo is setting himself up to never pay another dime in taxes the rest of his life. Not that he probably pays that much as it stands, but still.

[-] roguetrick@kbin.social 21 points 1 year ago

You can't defer losses like this forever. You can throw your money in a fire, but in the end that's not going to help you very much.

[-] Can_Utility@beehaw.org 8 points 1 year ago

IANA tax attorney, and I've always had more time than losses, so I'll defer to your wisdom 😅 I also didn't claim he was smart

[-] hh93@lemm.ee 3 points 1 year ago

But you won't save more tax with this that you lost money with it?

How would this ever make sense especially given that inflation is a thing?

this post was submitted on 24 Jul 2023
378 points (100.0% liked)

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