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geffa9

14,102 Posts.

633

08/05/23

11:54

Post #: 67656055
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Originally posted by xbayrockx ↑

no worries bro

also if someone tells you to go to an accountant for something as simple as this, just ignore them as obviously they dont know what they are talking about.

it means without a doubt they are not legitimate investors because it means they have never sold for a capital gain and capital loss in the same year, otherwise they would know about the mechanics of the accounting - if they dont know about this mechanic, then that is at their own detriment for sure as an investor - this mechanic is very important as I described above - if you simply let your accountant do everything, they can only work with the capital losses and gains that you did in the year - they dont buy and sell your shares, you do - therefore its important to know all the mechanics for yourself without relying on an accountant

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lol mate my explaination is the rules go check it. I work in the industry I know what I’m talking about but don’t want to be sued or be seen to given advice.

Last edited by geffa9: 08/05/23
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