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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.
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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