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bob3875
Level 2
December 10, 2020
Question

Do you have an answer for bob3875?

  • December 10, 2020
  • 1 reply
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If I sell stock with long term capital losses can I use the losses to offset short and long term capital gains?

1 reply

B
Level 15
Bsch4477Level 15
Level 15
December 10, 2020

Losses on your investments are first used to offset capital gains of the same type. So, short-term losses are first deducted against short-term gains, and long-term losses are deducted against long-term gains. Net losses of either type can then be deducted against the other kind of gain.

    A
    Anonymous_
    Level 15
    December 10, 2020

    Did you miss the original answer to your question @bob3875?

     

    Solved: I have both short term and long term capital gains... (intuit.com)

      B
      bob3875Author
      Level 2
      December 14, 2020

      Got it. Thanks.

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