I MADE A $70,000 LOSS ON BNB.
I HAD AN INCOME OF $40,000 AND PAID $7000 IN TAX.
WHAT ARE MY OPTIONS.
how do use these capital loss to the best of my ability.
i traded regulary, so my trading should be able to be claimed as disposable income.
Can i carry my $70,000 over the next 3- 5 years....
what are my options.
hoping to get around $35,000 over the course of the next 5 years through smart accounting.
my wage is set to increase to around $70,000 per annum as i will be giving up trading.... due to losses. and focusing on investing.
BNB
babcock & brown limited
