Author Topic: If you need to show a loss on your tax return  (Read 5906 times)

0 Members and 1 Guest are viewing this topic.

Cashout

  • Open / FFA
  • ****
  • Posts: 440
If you need to show a loss on your tax return
« on: October 26, 2025, 02:06:52 AM »
       Take a piece of a six figure yearling purchase with Tony Alanga or Andy Miller is the fastest way to accumulate the losses that you need.

MTP1972

  • Top Claimer
  • ***
  • Posts: 176
Re: If you need to show a loss on your tax return
« Reply #1 on: October 26, 2025, 06:08:25 AM »
According to IRS rules, you do need to show a profit in 2 of the last 7 years to claim the losses, otherwise they classify it as a hobby, and you can't claim your losses, well you still could and hope you don't get audited.

Cashout

  • Open / FFA
  • ****
  • Posts: 440
Re: If you need to show a loss on your tax return
« Reply #2 on: October 26, 2025, 07:37:37 AM »
       Good to know.     I guess we’ll scratch this idea ,  a profit two out of seven years with these two jokers isn’t likely

 

shout out

Refresh History
  • Sound off !
  • rainman2: really Andrew
    November 09, 2026, 11:38:30 PM
  • Trigger: It taint who you know Andrew it's who taint blows  ngc3
    November 09, 2026, 09:06:31 PM
  • andrew: taint rainys butt buddy
    November 09, 2026, 08:47:34 PM
  • andrew: caps coming soon
    November 09, 2026, 08:46:25 PM
  • andrew: tait a sub
    November 09, 2026, 08:45:47 PM
  • andrew: ngc3
    November 09, 2026, 08:45:27 PM
  • andrew: taint jessica ?
    November 09, 2026, 08:43:56 PM
  • ScrapeThePaint: Calhoun- don’t pay attention to AnScrew! He’s a brain dead gay fuck who thinks everyone’s name is Jessica. He’s a moron
    November 09, 2026, 08:37:54 PM
SimplePortal 2.3.7 © 2008-2026, SimplePortal