What Happens if You Invested in FTX?
In this episode, Jonathan Donenfeld discusses the impact of SPF bankruptcy on FDX investors. If you had invested funds in FDX or had accounts there, and now it's worth nothing or you're not getting any funds back, you may be able to write that off as a capital loss. Jonathan explains that it's like buying a stock for $5 and selling it for $1 at a $4 loss.
If you invested $10 and now it's worth zero, you have a $10 loss that can offset other capital gains and be carried forward. Additionally, the loss can offset about $3,000 of ordinary income every year, and the rest can be carried forward.
Watch this video to understand how the SPF bankruptcy impacts FDX investors and learn about the options available to you to write off the loss as a capital loss. Don't let the bankruptcy affect your financial goals, take action today!
Key Points:
00:00 Introduction
00:03 Impact of SPF bankruptcy on FDX investors
00:47 Conclusion
Learn more how JLD Tax Resolution Group can help you today: https://201tax.com/
#sbf #bankruptcy #fdx
