Question
If I own a stock that I bought in 2021 and sell it at a loss of $216 in 2023. Can I use that capital loss to offset how much I own in income tax for the tax year 2022?
I bought this stock in 2021 (nio) I am now down $216. I would like to sell this stock at a loss to claim my capital loss and lower how much I owe in federal tax. Is it too late to do this considering I would be selling the stock in 2023 but want to claim the loss for the tax year 2022? Thank you.
