anushbabu
Returning Member

Short term capital loss and long term capital gain

Hi turbo tax.

 

This year say I am doing a joint filing(married)

I have short term capital loss  = 25K

and long term capital gains = 100k

Overall I have positive capital gains which is under 80K

 

Looking around the rules this is what I found

https://www.investopedia.com/articles/personal-finance/101515/comparing-longterm-vs-shortterm-capita...

 

Seems like there should not be taxable, as I filed as married jointly.

 

But my actual return looks different, It shows as If I owe money to IRS.

Can you please correct my confusion here

 

Thanks