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Investors & landlords
My question is, can I offset that same amount I would be taxed on if I also cashed out of stocks with the same amount of capital losses? (I'm wanting to avoid having to pay capital gains tax if I can.)
Yes that's how it works. You first net the gains and losses. Then you are only taxed (if any) on a Net Gain.
‎July 12, 2023
10:57 AM