Can a short term capital loss carryover be used to offset long term capital gains in a succeeding year?
Thanks,
Jeff
Short term carryover against long term gain?
Sep 20, 2016
1 Replies
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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