Tax Hero Niki
Employee Tax Expert

[Event] Ask the Experts: Investments: Stocks, Crypto, & More

Hi user17524160027,

Yes, you will be able to apply the $65,000 carryforward capital loss from short-term sales towards your 2025 long-term capital gains. 

"Losses on your investments are first used to offset capital gains of the same type. So, short-term losses are first deducted against short-term gains, and long-term losses are deducted against long-term gains. Net losses of either type can then be deducted against the other kind of gain."

You can read more on that here: Capital Gains and Losses - TurboTax Tax Tips & Videos