$CN HEALTH TECH (01069.HK)$ can we write this off as a capit...
$CN HEALTH TECH (01069.HK)$ can we write this off as a capital loss in the USA?
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Cuernudo : Yes, if you lose money while holding the stock as an investor It is deductible. I think 3,000 seems to be the loss limit
85chirag : You can write it off only if you sell it before 31st December.. the max that you can write off is $3000
KTSC : This is all accurate info, 3k write off per year if you lost more then you can write of another 3k the following year etc
Aunt Flo Baby KTSC : This must be one good thing with this scam. They used a legit trading platform that will issue us a tax form for filing to claim losses
Dump-101 Aunt Flo Baby : I will take me a lifetime to write off the lost for more than 120k
Shanesas78 : Your allowed up to 3k as a deduction
73373637 : You can offset entire loss with equal gains. If you lost $20k on this stock and gain $25k with another stock. The net is a $5k gain. You pay capital gain on $5k.
If your losses are more than your gains, you can write off up to $3k of net losses. Losses over $3k will be rolled over to next year.