Hi, thanks for your detailed and thoughtful answer. My situation is that I have current year short term capital gains, but am carrying forward some huge capital losses, which will net out those gains and make the number negative.
My question is: can I ignore the capital loss carryover from prior years, and just consider the current year short term capital gains, since truthfully that's all that should matter for this year's return. Or, is it ok to have a negative number on form 8829 line 8?
Thanks!
