In the current system: no. But in the proposed new system which the original post is about, you will be able to carry forward losses to future tax years. So if you realize a loss in year 1 and a gain in year 2, you can carry the loss forward and pay less or no taxes (depending on the exact amounts of loss & gain) in year 2.

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MrTea's avatar
MrTea 2 weeks ago
The new system sounds like an improvement then. I mean it’s kinda like choosing between a punch in the arm or a kick in the nuts. One is better but neither would be more ideal
So losses only count if realized but gains count against you even if you never made a penny off those unrealized "gains"? Not exactly equitable to say the least.