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Get your taxes done using TurboTax
@gagan5987 wrote:
where i am missing the information?
Can you post some actual (or even hypothetical) numbers?
It is doubtful that you are missing anything. Capital losses offset capital gains and, assuming you have a net gain, it is taxed accordingly in the program.
Net long-term capital gains are taxed at a preferential rate while net short-term gains are taxed at ordinary income tax rates.
‎July 16, 2022
11:51 AM