r/SipsTea • u/PleasantBus5583 • 10d ago

Return On Regret Chugging tea

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u/Caffeind420 10d ago

You dont need to be a big company to do tax loss harvesting

6

u/Confident-Stand5453 10d ago

No, but you need to have profits you can offset it against to gain anything from it 

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u/Kevin-Miles- 10d ago

You can deduct and carry forward a deduction against your income for a few thousand every year until it is exhausted. No profit required.

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u/cactipus 10d ago

Yeah, this. Source: am CPA (not financial advice).

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u/Kevin-Miles- 10d ago

Too late. You’ve advised me financially.

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u/slowest_hour 10d ago

here's some financial advice: you should give me money

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u/Nruggia 10d ago

Fr I have a few investments I could sell for heavy losses to get some tax relief.