MGM parking starts today

Can this not provide a tax break, declaring the amount of loss from the purchase price?

Losing money on stock sales in order to claim a tax deduction is not a sound financial strategy.
I(ts a cousin to losing money on every sale but make it up with volume.

Not on stock options, I don't believe so anyway. RM would know that.


Oh and forky's right, insiders sell all the time. Reasons vary and are only illegal if they are trading on info the public isn't privy to.

My wife's old boss's co. got bought out by a much much bigger company so ended up with a ridiculous amount of stock and he had to register whenever he sold any. He bought a house at the beach and otriginally planned on just doing some updating, but instead he and his wife decided to make it an architectural masterpiece and they spared no expense (it has been featured in a few beach mags). From the outsider it would've looked like he was bailing on the co. when he was only building a house.

I didn't say it was a "strategy". Who tries to lose money on their investments?

But I have read, if an investment goes south, one "strategy" is to sell it, realize a loss and use the loss to offset gains elsewhere. If one has more losses than gains, the losses can be used to reduce income by up to a certain amount per year.

I'm sure it is complicated. Don't take my word for it. Consult your CPA.

Of course business make wrong decisions. They're not instituting this new parking fee policy just to irritate us.

When they said they lost money, it was because the stock is higher today than when they sold, I believe.
That's not something you can deduct.