2 ms·
One curve ball in all this is that you get to deduct and offset capital losses against other capital gains. That $100 that you lost betting on $LOSER gets to b
by koolba 7y ago
One curve ball in all this is that you get to deduct and offset capital losses against other capital gains.
That $100 that you lost betting on $LOSER gets to be offset against the $100 you made betting on $WINNER.
- RhysU 7y agoSure, you only came out ahead ($Winner - $Loser) and you're taxed on the gains. What's the curve ball?