And hello to a generic white X.
  • Can-Utility@beehaw.org
    241·
    1 year ago

    At this point it’s foolish not to consider this as possibly the greatest tax writeoff in history. Elmo is setting himself up to never pay another dime in taxes the rest of his life. Not that he probably pays that much as it stands, but still.

    • roguetrick@kbin.social
      21·
      1 year ago

      You can’t defer losses like this forever. You can throw your money in a fire, but in the end that’s not going to help you very much.

      • Can-Utility@beehaw.org
        81·
        1 year ago

        IANA tax attorney, and I’ve always had more time than losses, so I’ll defer to your wisdom 😅 I also didn’t claim he was smart …

    • hh93@lemm.ee
      3·
      1 year ago

      But you won’t save more tax with this that you lost money with it?

      How would this ever make sense especially given that inflation is a thing?