06-11-2005, 09:54 AM
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 Re: Capital gains vs short term gains malibu.ron[at]verizon.net wrote: - quote - > Can stock losses from short term gains be used to offset
Of course you'd first offset short term gains with those> long term gains. (short term) losses, but then if there are no further short term gains you apply the losses against long term gains. Gerneral rule is you cancel like gains first short gains against short losses, long gains against long losses. Pub 550 explains in greater detail. JOE << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
06-11-2005, 12:14 AM
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| Capital gains vs short term gains Can stock losses from short term gains be used to offset long term gains. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| capital, gains, short, term |
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