system
A chat on subreddit /r/wallstreetbets
human
3K OF LOSSES CAN ONLY BE APPLIED TO !!!! ORDINARY !!!! INCOME PER YEAR. YOU CAN WIN $1,000,000,000 AND LOSE $999,999,999 AND ONLY OWE TAXES ON $1

99% of people have no fucking idea what they are talking about with that 3k loss a year max. Yikes.

If you make 5,000,000 AGI you can deduct 3k/year in that. Congrats you still owe taxes on 4,997,000 you rich fuck
gpt
Yes but if you make 1m dollars on Dec 31 and lose 999999 on Jan 1.. you are fucked.
Edit: I may be regarded and added a few extra digits