2025363
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ALL cap gains and losses from all sources are netted against each other automatically on the Sch D ... the program will do this automatically and any unused losses are carried forward.
Yes you can use your carryover capital losses to offset any other form of capital gain.
When you have a net long-term capital loss, you can use it to offset a net short-term capital gain by subtracting the loss from the gain.
Thank you for your response. By "net long term capital loss", are you referring to capital loss carry forwards? I am specifically referring to those- ie short term capital losses from previous years that have rolled over to the current year.
Thanks again
ALL cap gains and losses from all sources are netted against each other automatically on the Sch D ... the program will do this automatically and any unused losses are carried forward.
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