AZ38
Level 1

net capital loss for the year

If my short term stock gain for the year is $10,000, accordingly loss of $15,000, and I have interest gain from saving account in the amount of $1000.

How the taxes are calulated in such case? consediring my overall net capital loss of 5,000 (15,000-10,000) for the year. How will the deduction of up to $3,000 of loss play a role against other kinds of income, including my salary and interest income ($1000).