Guy on WallStreetBets has $1M+ in trading losses this year and is looking to marry someone

That would be the smartest thing he's done all year.

Does the marriage have to be consummated?

That's not how that works. The government is not sending you a check against your $1MM losses.

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LOL, how do you lose like that in a year like this? Must have been shorting stuff.

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Guy on twitter legitimately lost more than $60 million a couple of weeks ago on a pharma company he was long on after their drug failed a clinical trial.

He had been the biggest cheerleader of the drug beforehand even though the scientist behind it had been indicted by the feds for research fraud. The company had attracted a cult following that was convinced they were sticking it to big pharma by investing.

.10 cents on the dollar payback?

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That's not how that works. The government is not sending you a check against your $1MM losses.

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I am pretty sure he understands they won't be getting an indemnity check from the IRS but the other party with the realized STCG will be stroking him a check for an agreed upon percentage of the money they save on the taxes due on their STCG.

This is an individual variation of something companies have done for years but they often aren't planning an immediate diverse afterwards.

RoaringKitty trying to slough if his GameStop losses this year.

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That's not how that works. The government is not sending you a check against your $1MM losses.

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No, but filing jointly would save the spouse from paying a hefty amount of capital gains on her $1M in realized gains. So the idea is that if she saves $300k in short term capital gains taxes, they split the savings and she gives him $150k and keeps $150k of savings for herself

That’s fake.

Reddit is such an amoral cesspool.

There is no amount of money that would compel me to marry someone.