Deductions & credits


@samimi12 wrote:

can you offset short term gains with a long term loss ? 


Yes, but note that losses from the sale of personal-use property are not deductible.

 

See https://www.irs.gov/newsroom/capital-gains-and-losses-10-helpful-facts-to-know-0

 

See also https://turbotax.intuit.com/tax-tips/investments-and-taxes/capital-gains-and-losses/L7GF1ouP8