Wow, what you stated is exactly correct. But a couple more questions.
Is the $32,154 short term capital losses or long term? And, I hope to sell a piece of vacant land in California (Joshua Tree city) sometime soon. It cost me $4000 but I expect to net about $60000 from the sale. So that will be a large capital gain, correct.? If so, how much of my left over capital loss can I apply in my 2021 tax filing?
Am I limited to $3000 per year?
