Comment on Gaming market melts down after Google reveals new AI game design tool — Project Genie crashes stocks. (A.K.A . Investors panic because they don't understand what "real" videogames are)
… That kinda sorta works for companies, not so much people looking to make some kind of probably leveraged bet.
It works for individuals too. When I sold some shares a couple parcels were at a loss so I was able to offset the gains on other shares.
You do have a limit on how long you can carry the losses forward and they only offset capital gains not regular income tax.
I mean it sounds like we are in agreement then, that this works better for companies than it does for individual/retail investors.
slazer2au@lemmy.world 1 week ago
It works for individuals too. When I sold some shares a couple parcels were at a loss so I was able to offset the gains on other shares.
You do have a limit on how long you can carry the losses forward and they only offset capital gains not regular income tax.
sp3ctr4l@lemmy.dbzer0.com 1 week ago
I mean it sounds like we are in agreement then, that this works better for companies than it does for individual/retail investors.