Short term carryover against long term gain?

- J
- Jeff Wisnia
  
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posted
7 years ago

Tue, Sep 20, 2016 4:25 PM

Can a short term capital loss carryover be used to offset long term capital gains in a succeeding year?

Thanks,

Jeff

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- R
- Rich Carreiro
  
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Vote on answer
posted
7 years ago

Tue, Sep 20, 2016 7:02 PM

Yes. A carried-in ST loss is treated no differently than a current-year ST loss.

First you net ST-loss against ST-gain. Then you net LT-loss against LT-gain.

If one of those nets is a loss and the other net is a gain you net the nets against each other.

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