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Level 1
posted Jul 16, 2025 1:06:22 PM

Is capital gain/loss calculated across multiple accounts and investments?

For example, if I have an investment account with Fidelity where I gained $2,500 from selling one stock and lost $2,000 from selling another stock, and at the same time, I have a Coinbase account holding crypto where I sold one crypto at a loss of $1,000 and another crypto for a gain of $2,500, how is everything calculated? How does the $3,000 capital loss deduction interact with this scenario?

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1 Replies
Employee Tax Expert
Jul 16, 2025 1:20:41 PM

When your annual tax return is prepared, all capital gains/losses from all sources will be consolidated together on Schedule D, attached to your form 1040.

All sales are divided into two groups:

 

  • Short-Term: Assets held for one year or less before being sold. Short-term capital gains are taxed at your ordinary income tax rates.
  • Long-Term: Assets held for more than one year before being sold. Long-term capital gains are generally taxed at more favorable rates (0%, 15%, or 20%, depending on your income).

 

The net result of short-term and long-term gains/losses are combined to determine the net capital gains amount. If there is a net loss, up to 3,000 can be deducted from other income, the remainder of the loss will carry over to future tax years.