Hi I am in the same boat as this person, but here's my scenario:
40000 LTGC
-32200 losses from my business
-12200 Standard deduction
_________
=20000 Long Term capital gains not taxed (taxed at zero)?
(1) given the above, it appears I pay no tax on the $40k LTCG, correct?
(2) I have TurboTax, but where would I enter this manually? I assume the Schedule D Tax Worksheet, which is not filed with the IRS?
Thank you.
