3 ms·
Its the best way. What happens is that you lose money. This is the best way to enjoy your privilege in society, capital loss deductions aren't bad. Better yet,
by deltateam 8y ago
Its the best way. What happens is that you lose money. This is the best way to enjoy your privilege in society, capital loss deductions aren't bad.
Better yet, if you want to REALLY amplify your socioeconomic privilege, you can turn capital losses into Net Operating Losses and deduct the entire thing as an income expense. Do this by forming an LLC and sending a Section 475 election to the IRS before April. This is specific for traders doing short term strategies in the equity and equity options market.
You will then lose your money experimenting with options and the government will pay you back, from taxes you sent them in prior years, current and future years.