As Meme Stocks Make A Comeback, Beware This Tax Trap | NYGazet

Heavy traders may assume they'll owe no capital gains tax if their losses and gains even out. But then they stumble across the wash sale rule.

Heavy traders may assume they’ll owe no capital gains tax if their losses and gains even out. But then they stumble across the wash sale rule. A t the height of the pandemic born meme stock boom in 2021, the 50-something investor tried his hand as a ... [12326 chars]