topic If I sell a stock holding with $50,000 gain this & another holding with $50,000 loss, would gain & loss offset each other with no tax liability? Both held for 2 yrs. in Get your taxes done using TurboTax

If I sell a stock holding with $50,000 gain this & another holding with $50,000 loss, would gain & loss offset each other with no tax liability? Both held for 2 yrs.

billlee53070 — Mon, 03 Jun 2019 18:49:02 GMT

Yes, this would be a long term gain and a long term loss...

Vanessa — Mon, 03 Jun 2019 18:49:03 GMT

Yes, this would be a long term gain and a long term loss which would offset each other giving you no tax liability as long as the loss is equal to or greater than the gain.

Since I'm planning to sell stock holding with $50,000 gai...

billlee53070 — Mon, 03 Jun 2019 18:49:05 GMT

Since I'm planning to sell stock holding with $50,000 gain and another holding with $50,000 loss, would you please confirm that there is no maximum limit of stock gain that I can offset against stock loss? Thanks again.

topic If I sell a stock holding with $50,000 gain this &amp; another holding with $50,000 loss, would gain &amp; loss offset each other with no tax liability? Both held for 2 yrs. in Get your taxes done using TurboTax

If I sell a stock holding with $50,000 gain this & another holding with $50,000 loss, would gain & loss offset each other with no tax liability? Both held for 2 yrs.

Yes, this would be a long term gain and a long term loss...

Since I'm planning to sell stock holding with $50,000 gai...

topic If I sell a stock holding with $50,000 gain this & another holding with $50,000 loss, would gain & loss offset each other with no tax liability? Both held for 2 yrs. in Get your taxes done using TurboTax