Birdwatch Archive

Birdwatch Note

2023-05-21 20:34:14 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

The maximum losses that an American can write off on taxes is $3000 per year, not $5000 as the author states. https://www.investopedia.com/articles/investing/111315/deducting-stock-losses-guide.asp#:~:text=diversified%20your%20portfolio.-,Tax%20Loss%20Carryovers,and%20interest%20for%20the%20year.

Written by B302478923F22B12829A88929EF2D4CF01E10EB88C9028615ADFA1C16384A649
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• noteId - 1660383521062412290
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• noteAuthorParticipantId - B302478923F22B12829A88929EF2D4CF01E10EB88C9028615ADFA1C16384A649 Participant Details
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• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• harmful -
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• summary
• The maximum losses that an American can write off on taxes is $3000 per year, not $5000 as the author states. https://www.investopedia.com/articles/investing/111315/deducting-stock-losses-guide.asp#:~:text=diversified%20your%20portfolio.-,Tax%20Loss%20Carryovers,and%20interest%20for%20the%20year.