Do you have an answer for bob3875?

[bob3875]

If I sell stock with long term capital losses can I use the losses to offset short and long term capital gains?

[Bsch4477]

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.

[Anonymous_]

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

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

[bob3875]

Thank you for the answer. It raises another question. Is a capital loss carryover into subsequent years considered short or long term?

[bob3875]

Got it. Thanks.

[Bsch4477]

Any loss carried over retains it classification so it is possible to have both short and long term capital losses carried over.