[rktman]

And he’ll be able to do a tax write-off on it no doubt.

[NeoCaveman]

And he’ll be able to do a tax write-off on it no doubt.

Capital losses can offeset capital gains without limit, after that they can offset $3,000 in ordinary income a year. At that rate he can write off $3,000 a year for the next 6,000 years.