system
A chat on subreddit /r/wallstreetbets
human
Yeah, so? That has nothing to do with capital gains taxes... And if the benefit of the tax deduction is greater than the 75 dollar fee, then just hold cash for a month and buy back in after.

gpt
It absolutely has a lot to do with capital gains tax if you know anything about how it's assessed. It's assessed per item, per sale basis. If you liquidate your entire portfolio you'll likely have both gains and tax harvestable losses you can use to offset the tax on the ones that had a capital gain. However, if you do a wash sale by selling and then rebuying at another broker, you don't get to claim the losses against the gains.