@Shopper08 wrote:
What if I have gains of $5000, loss of $8000?
Then you have a net loss of $3,000 (that can be used against other income).
@Shopper08 wrote:
What if I have gains of $5000 loss of $9000?
Then you have a net loss of $4,000. $3,000 can be used against other income and the remaining $1,000 loss is carried forward.
