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Deductions & credits
@steiny1227 wrote:
...my ST gains would already be offset with my ability to write off the investment interest expense.
Your short-term capital gains would first be offset by your long-term capital losses, which would result in your net capital gain. It is your net capital gain that could be used to offset your investment interest expense (for which you need to itemize).
March 3, 2023
1:51 PM
735 Views