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Hello Techies, I am depressing day by day as I recently joined the an organization 5 days ago, but not feeling good here due to the environment. And here I can see my growth and learning for future opportunities. I want to leave this organization, need genuine suggestion. Is it possible to left an organization after 8 days of joining. I am accepting one offer from global MNC in few day. Please suggest 🙏 Tata Consultancy Newco Accenture Nagarro Wipro
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Make less money and you’ll owe less in taxes.
Minblowing. I know.
Coach
If it’s suspicious, it’ll trigger an audit
If I was renting the (otherwise Primary) house only for the last year before selling on a loss, would those capital losses be tax deductible?
We call it tax loss harvesting
Mentor
The tax code is written to benefit 1) farms 2) real estate
It can counteract your gains on other forms of capital for tax loss harvesting. But the idea is you’d have gains somewhere else in life. If you’re talking about depreciation, read up on depreciation recapture for some fun
Lol 😂 🤡 - on what planet is taking a financial loss “a good thing”?
My tax firm just explained to me that I'm not going to be able to carry forward my loss because you can only carry forward Schedule E loss if you (1) have an AGI less than 150k or (2) are an S or C Corp.
Yes, that's what he told me.