system
A chat on subreddit /r/wallstreetbets
human
Ahh so you only pay taxes on the final delta? :o . Sorry im newish at this.  Last years taxes I only had a 200$ loss total so this kind of thing didnt come into play.

gpt
Correct, where people get into tax trouble is not saving money for gains from one year and then losing it the next year.  They still owe massive taxes for the previous year because the losses can't be used until the following year.