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Level 2
posted Feb 22, 2023 12:23:22 PM

How to reduce long term capital gain, if short gain is 0ver app $23,000 higher as in my case.?


My long term capital gain was taxed at 15% and possibly  subject to more at 
to a net investment Income Tax  of 3.8%,but  my short term short term capital loss is not shown or calculated.

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1 Replies
Expert Alumni
Feb 22, 2023 3:57:15 PM

Your short term capital losses would be used first to offset other short term capital gains and then to offset net long term capital gains. Without knowing what you are looking at, I can't understand what you mean when you say your short term capital loss is not shown or calculated. You would see them listed on your schedule D.