3 ms·

This isnt right because capital losses count against capital gains. So, taking a loss allows you to not pay taxes on an equal amount of gains that you would'v

by ac29 4y ago

This isnt right because capital losses count against capital gains. So, taking a loss allows you to not pay taxes on an equal amount of gains that you would've been taxed on otherwise.

syrrim 4y ago
Overall you gained nothing though.
afiori 4y ago
If I give you a million dollar and then steal it back a day later, I feel like you should not pay taxes on it. Same thing if I give you a million dollar, you buy expensive X thing but the seller goes bankrupt and never delivers anything.