I NEED HELP FROM TAX SPECIALIST

[jz01d3]

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

[SweetieJean · Accepted solution]

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]

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