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Title: Question For 4um folks:
Source: [None]
URL Source: https://vidrebel.wordpress.com
Published: Mar 7, 2021
Author: Horse
Post Date: 2021-03-07 08:15:12 by Horse
Keywords: None
Views: 240
Comments: 7

It has been suggested that we will have a market correction before Income Taxes are due on April 15th. On one hand some suggest that a crash will force people to sell to pay taxes. On the other hand some think a crash will give taxpayers deductible losses which will cut IRS revenues.

Bonus thought: A Minsky moment is when investors sell the good stuff to pay for the bad stuff. That could happen in April if margin calls have to be met to cover tanking stocks like Tesla. Personally, I am not in the stock market.

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#1. To: Horse (#0)

some suggest that a crash will force people to sell to pay taxes. On the other hand some think a crash will give taxpayers deductible losses which will cut IRS revenues.

Most filers expect a refund.

And any deductible loss cannot be taken until the next taxable year.

Ada  posted on  2021-03-07   8:45:48 ET  Reply   Untrace   Trace   Private Reply  


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#4. To: Ada (#1)

And any deductible loss cannot be taken until the next taxable year.

Good points. But people with investments and businesses have to pay additional taxes apart from withholding.

Horse  posted on  2021-03-07 10:41:59 ET  Reply   Untrace   Trace   Private Reply  


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