Not sure if this is a good place to ask (feel free to suggest a different subreddit)…
I'm currently subsidized through the marketplace for health insurance. I was trying to figure out my income for the year to figure out taxes and make sure I'm not going to make too much and have to pay a buttload of money back from the subsidies and had an awful thought….
I know if I sell stocks at a gain that counts in my gross income…but do my losses offset those gains??? So say I gained $1k and lost $1k, do they cancel or did my gross income go up $1k?
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