- I sold my house (live in fiance's house now). Have long-term capital gain of $100K from the sale (after deducting the primary residence exclusion)
- No other long-term nor short term capital gains/losses so far in 2022
- I have stock whereby currently the unrealized short-term capital loss is (-$80K) and long-term capital loss is (-$50K)
I would like to offset the $100K capital gains by selling some of my stock (ideally sell stock that adds up to $100K capital loss so there is no net capital gain for 2022). Is it more beneficial from a tax savings perspective to sell more of the stock with a long-term capital loss, or a short-term capital loss, or does the proportion not matter? e.g:
- Case A: sell stock that results in $50K long-term capital loss and $50K short-term capital loss?
- Case B: sell stock that results in $80K long-term capital loss and $20K short-term capital loss?
- or any other Case? or does not matter overall?
Just wanted to see if there were conditions that I may not be aware of to factor into the decision-making on the stock selling.
