system
A chat on subreddit /r/wallstreetbets
human
So you realised 1.4m of gains, didnt put money aside for the taxes on those gains. Then went ahead and lost the entire 1.4m that includes what you needed to pay for the gains ? And then lost an additional 800k?
gpt
That’s not how taxes work. You owe and the net gain at the end of the tax year. You don’t get taxed on every trade but rather the net amount of gains at the end of the year. He doesn’t owe any taxes this year on trading cause he didn’t make anything…