@Cynthiad66 Referring to specific question from Paul, capital losses offsetting capital gains, What are the specific limits that you mentioned? there was reference to capital losses offsetting "income" and having limit, however that's income/salaray (not capital gains).
Going back to original query, are there any restrictions/limits of capital losses offsetting just capital gains?
@Cynthiad66 wrote:
Yes, but there are limits.
paul-j-heckman
but long term capital losses can fully offset short term capital gains, right? As in there's no restriction?
Say i had 50K in short term gains and 50K in long term losses, my total stock gain/taxable loss is zero, correct?
