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this post was submitted on 26 Oct 2024
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Economy
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If you sell stock that lost and made money in balance like that, then you're just liquidating your own money. There hasn't been any profit, so there's nothing that should be taxed.
True. But it's also part of a greater strategy to avoid paying taxes.
https://www.investopedia.com/terms/t/taxgainlossharvesting.asp