Let's say I make a realized gain of 8000$ on stocks, if I reinvest that 8000$ on another stock and sell it for a loss of 8000$ does the 8000$ loss completely cancel out the 8000$ gain when it comes to paying taxes? Sorry if it's a stupid question
Let's say I make a realized gain of 8000$ on stocks, if I reinvest that 8000$ on another stock and sell it for a loss of 8000$ does the 8000$ loss completely cancel out the 8000$ gain when it comes to paying taxes? Sorry if it's a stupid question
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