[sputknick]

In America, the problem comes when the gain and the loss come in different years. If you make a big gain in 2024, but didn't pay taxes on that gain, then lose the money in 2025, they will come after you for failing to pay taxes in 2024 even though you no longer have the money in 2025. The lesson is to pay your taxes.

[bryanlarsen]

A bank will be happy to lend you the money to cover the spread since you have the collateral of a large tax refund in the future. It'll cost you a little bit of interest but it's generally not the catastrophe that people make it out to be.

[kopirgan]

Not aware of any country that refunds if you lose money next year. Even carry forward tax losses have limits..

[onesociety2022]

Maybe if you are an ultra high net worth individual. I don’t see your avg Joe walking into their neighborhood Chase bank asking for a $500k loan using their potential tax refund as collateral is going to get it. That seems like an esoteric financial product.

[pants2]

Source? Typically capital losses can only be netted against capital gains the next year, and only against a small amount of income.

[kopirgan]

Yes I understand the part about events across tax periods.. It's common everywhere, not aware of any jurisdiction that refunds.