this post was submitted on 26 Aug 2026
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I mean, kind of? Usually you're donating to a charity or something to minimize your tax burden or claim a loss.
"Profitable" is kind of a relative term, but if I pay a little bit of nothing for a good stock (for example) and I hold it for a long time, I might have to pay capital gains on like 90 percent of the value of a stock. If I have some more recently purchased stock with a out the same value, what I can do is donate my old stock money that super grew tax free and use it to offset the value of selling a LOT of more recent stock. This puts money in my pocket from the market basically for free.
It is definitely profitable to figure out how to get money from the market that doesn't require you to pay a quarter of it in taxes up front. If the weight is "how much I put in" vs "how much I took out" you can definitely make profitable tax write-offs.