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It sounds like it's being taxed like gambling rather than investing. You don't get to write off a massive loss at the casino, and if you have a net loss you sti
by Godel_unicode 9y ago
It sounds like it's being taxed like gambling rather than investing. You don't get to write off a massive loss at the casino, and if you have a net loss you still owe on the nights you came out ahead.
- cookingrobot 9y agoIn the US gambling losses are deductible, to the limit of your winnings, according to this. https://www.google.com/amp/s/turbotax.intuit.com/tax-tips/jobs-and-career/can-you-claim-gambling-losses-on-your-taxes/amp/L4lQ3IAWt https://www.google.com/amp/s/turbotax.intuit.com/tax-tips/jo...
- rmah 9y agoBut not in Finland. So at least their tax law has symmetry in this regard.