I had a huge Short term Capital loss last year? I have some long term capital gains this year. Can i write off the long term profits against my short term capital loss carryover in the next year tax return ?
I had a huge Short term Capital loss last year? I have some long term
capital gains this year. Can i write off the long term profits against
my short term capital loss carryover in the next year tax return ?
-To be a gain or loss, you have to sell the property, and report
the sale on Schdule D. On that same schedule D you carryforward
the loss from last year, and on schedule D, gains and losses are
combined.
-Schedule D combines them for yo