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[deleted] OP t1_j262hoo wrote

Reply to comment by suboxhelp1 in Owe taxes this year? by [deleted]

[deleted]

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Night_Hawk69420 t1_j264i4u wrote

Yes if you sell off some stocks that are worth less than when you bought them you can deduct of to 3k of losses off your ordinary income so that would probably make it to where you didn't owe anything

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Steak_Knight t1_j264xi0 wrote

You can… but it also seems very possible to come up with $500 between now and April.

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[deleted] OP t1_j265ff7 wrote

[deleted]

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Steak_Knight t1_j265jsb wrote

Then sure, go ahead and tax loss harvest those. Can claim up to $3000 in losses.

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