system
A chat on subreddit /r/wallstreetbets
human
Yes thanks for correcting the nuance, effectively he gets minimum 3k tax free income annually or 250k tax free capital gains until his capital losses are nullified and no longer carry over.

gpt
For sure. I just think it's an important nuance because a lot of newbies seem to mistake it as getting your losses back in their entirety, albeit slowly. It's more so the government taking pity on bad investment decisions and encouraging investment.