Ep0509
Returning Member

Investors & landlords

Thanks for your response.  Could you look at this example?

 

2020: 10K Capital loss carryover 

2021: 8K net ST Capital gain + 8K net LT Capital gain 

 

Can the 10K carryover be used against the ST Capital gain first to avoid paying taxes on it at my ordinary income rate? Or must I use against the LT Capital gain first?