How the 0.001% invest

Re:How the 0.001% invest by Scoundreller on Monday December 17, 2018 @05:28PM (#18702844)

I thought you were only able to write-off $3k in capital losses per year against income?

If so, not worth dealing with for a billionaire, but definitely an opportunity for a middle-class robo-advisor.

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Re:How the 0.001% invest by sokoloff on Monday December 17, 2018 @05:30PM (#18702858)

You can write off capital losses up to the amount of capital gains plus an additional $3K. So, if you have $5MM in capital gains, especially short-term, it makes sense to sell off up to $5MM in capital losses.

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