Re: It's not really a loophole
I wonder if corporate losses were taken as personl losses. Another thing I question is whether capital losses can offset personal income. If you pay capital gains tax it may be 15 to 20 %. However if your going to expense capital losses are the losses subject to the CG rate or ordinary income rate?
So if you have capital gains, you pay 15% and if you have capital losses you deduct 30%