- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
@vrobert wrote:So I have a tax liability of $82,582 of short term gains. I can offset these gains if I realized more losses, of which right now I can -$22,984 total.
According to your figures, you have $105,666.70 of unrealized losses, but you appear to be combining your realized gains with your unrealized losses.
If you liquidated your positions, per the figures you posted, you could use the $105,666.70 of unrealized losses to completely offset all of your realized gains. You would then be able to use another $3,000 of those losses to offset all other income with the balance being carried over to future tax years.
‎August 16, 2023
9:01 AM