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jz01d3
New Member

I NEED HELP FROM TAX SPECIALIST

CAN INCOME FROM MAKING MONEY BY SELLING GOLD BULLION be redused by  taking lossesin stocks?
1 Best answer

Accepted Solutions
SweetieJean
Level 15

I NEED HELP FROM TAX SPECIALIST

Long term collectible gains are offset by any long term capital losses, by any net short term capital losses, and by any long term capital loss carryovers. The IRS instruction booklet for Schedule D lays out the process. 

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3 Replies
SweetieJean
Level 15

I NEED HELP FROM TAX SPECIALIST

Long term collectible gains are offset by any long term capital losses, by any net short term capital losses, and by any long term capital loss carryovers. The IRS instruction booklet for Schedule D lays out the process. 

jz01d3
New Member

I NEED HELP FROM TAX SPECIALIST

Thank you for making me clear how it is. You are great. John D.
SweetieJean
Level 15

I NEED HELP FROM TAX SPECIALIST

🙂
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