Investors & landlords

The TurboTax program will make the calculation for you, which basically amounts to combining your capital gains with your capital losses. 

 

See https://www.irs.gov/publications/p544#en_US_2019_publink100072648

 

In the fact pattern you stated, your $8,000 in gains would essentially be combined with your $8,000 in losses, which would net to $0 gain/loss.

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