Of course you can.. Just have to treat your share trading differently.
You can either treat trading as if you're running a business where you can claim losses against your earnings/ordinary income or you can treat your investments under CGT guidelines.
Confer with your accountant on this matter.
Hence why people are selling now @WhaleInvesta73 if for example you sell today for a $10,000 loss and you fall in the 37% tax bracket, you can claim $3,700 as a loss whereas the shares on market at $0.001 are worth only a fraction of that amount. So the incentive is there to sell, assuming you have gains to offset this loss with.
None of the above is to be taken as advice, just information for educational purposes only.
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.129M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $1.95K | 650K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
37 | 29538791 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 2321592 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
37 | 29538791 | 0.002 |
15 | 30000500 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 2321592 | 4 |
0.004 | 10518148 | 18 |
0.005 | 7373423 | 7 |
0.006 | 5758621 | 7 |
0.007 | 1675000 | 3 |
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