LogFAQs > #961945302

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Topic	Stock Topic 35
red sox 777 01/21/22 11:29:13 AM #172:	Moonroof posted... Man. I guess we took 2020-2021 COVID bull market recovery as gospel. Now its coming back to bite. Red Sox, thats good info about offsetting income per year. So we can use losses from prior years to offset current income tax? Like, if Im down $20k in 2022, I can theoretically use that to offset through like 2025? Provided you don't have gains that offset it by then, yeah. Also I'm not certain but I think it has to be stocks or something traditionally regulated. I don't think crypto falls under the same rules. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:961945302] in Stock Topi... [t:79832223]...</cite> <quote>Moonroof posted... </cite> <quote>Man. I guess we took 2020-2021 COVID bull market recovery as gospel. Now its coming back to bite. Red Sox, thats good info about offsetting income per year. So we can use losses from prior years to offset current income tax? Like, if Im down $20k in 2022, I can theoretically use that to offset through like 2025?</quote> Provided you don't have gains that offset it by then, yeah. Also I'm not certain but I think it has to be stocks or something traditionally regulated. I don't think crypto falls under the same rules. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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