you cant claim a share loss against your normal working job income.
if you lost 1000$ in merlin shares but you made 1000$ profit on some other share then you would not pay any capital gains tax.
if you lost 1000 merlin and made $1100 on another share (after selling) then you would still pay capital gains tax on $100 of the other share merlin would offset the other 1000$ profit.
no captital loss can be used against your normal income, you could have a 50k loss and have it sitting there for 20 years until you make a profit- aint nothin change that
MED Price at posting:
0.6¢ Sentiment: None Disclosure: Held
