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Investors & landlords
Thank you @fanfare.
So I can use the realized losses to reduce my taxable income (AGI) for 2022, right?
Although it doesn't offset the Capital gains from 2021, if I were to look at my total income (Salary+Capital Gains) for last two years, the realized losses from 2022 help offset the taxable income for the overall time period. Let me know whether I'm understanding this correctly?
‎December 30, 2022
1:05 PM