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Mechanically what you describe is how capital gains and losses work.
All capital gains and losses arising from any and all sources are netted against one another. If the result is a capital loss then $3,000 of that remaining loss can be used against "ordinary" income, and that appears to be exactly what happened.
($17,130) Loss carried over
Mechanically what you describe is how capital gains and losses work.
All capital gains and losses arising from any and all sources are netted against one another. If the result is a capital loss then $3,000 of that remaining loss can be used against "ordinary" income, and that appears to be exactly what happened.
($17,130) Loss carried over
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