This leads some investors to dump their losers near year - end, simply to establish a capital loss for tax purposes, to offset a capital gain. (tsinetwork.ca)
Your casualty loss for tax purposes may be different from the dollar amount of damage done. (dinesentax.com)
In essence, it is an investment set up to produce near - term losses for tax purposes by means of borrowing without positive cash flow. (money.stackexchange.com)