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!lawyers any tax lawcels here?

I have a limited understanding of this concept but can't write :marseychingchongnotes: a bunch :marseysurejan: of this loss off? If he can, could this be applied to spaceX :marseyelonmusk: and Tesla :marseyelonmusk: or is it solely apply to personal accounts?

I heard :marseyjacksparrow: people will buy property to say their business :marseyklennysuit: is operating at a loss that year while maintaining it as an investment essentially.

Either way musk wanted control :marseyshadow: of narrative which is why he bought it. Same way Bezos bought Washington Post while it bleeds money.

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He realizes the loss when he sells shares in the company, and then he can deduct that from capital gains he had from selling other things (and to a very limited extent from other income that's not capital gains). But you don't get ahead by losing money and then deducting the loss; that's like losing a dollar and being happy you saved a quarter or two.

I'm assuming here he personally owns the shares (don't care enough to look at the details) but similar principles apply for more complicated situations.

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:#marseyreading:

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