How does long term captical loss offset short term capital gain work in turbotax?

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Hello, 

Suppose I have $10000 long term captical loss, $5000 long term capital gain, $15000 short term captial gain, how do I pay the tax?

From the existing posts it seems I should pay tax for the remaining $10000 short term captial gain part, is it right, and will turbox tax automatically offset the long term capital gain part ($5000)  then short term captial gain part ($5000)?  Is there any caveat that I should be aware of? 

Thanks!

[dmertz · Accepted solution]

Correct.  TurboTax does this automatically by preparing Schedule D which the IRS designed to do this calculation.