If I sell long term stocks for a loss and crypto short term gains, do I only pay capital gains on the delta?

Anonymous · ‎May 4, 2021

AnnetteB6 · ‎May 4, 2021

Yes, the long term and short term gains/losses are combined together to determine whether you have an overall gain or loss before the tax is calculated. Your long term loss will help to offset your short term gain.

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AnnetteB6 · ‎May 4, 2021

Yes, the long term and short term gains/losses are combined together to determine whether you have an overall gain or loss before the tax is calculated. Your long term loss will help to offset your short term gain.

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Anonymous · ‎May 4, 2021

Thank you! So it combines cryptocurrency with stocks; or better yet, cryptocurrency is handled in same bucket as stocks?

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If I sell long term stocks for a loss and crypto short term gains, do I only pay capital gains on the delta?