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Deductions & credits
the $3,000 limit is on net capital losses. first short-term are netted. then long-term are netted.
if one type is a gain and the other is a loss they are netted. if the net is a loss up to $3,000 is allowed
so in your situation, you would end up with a net LTCG of $20,000
May 14, 2022
11:30 AM