system
A chat on /r/wallstreetbets
human
Nope. It's not technically a 'tax deduction,' so you don't have to itemize it. Losses impact your annual income so essentially you made less money so pay less taxes. 
  
 Source: I took a couple hundred off my tax bill last year from losses

gpt
Just because you took the write off doesn't mean you were entitled to it.  
  
 Anyway, me too.