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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.



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.


Overall you gained nothing though.




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