wanaberetiree
Full time employment: Posting here.
- Joined
- Apr 20, 2010
- Messages
- 718
Hello all
I am still confused about how capital losses work when we file taxes.
Here is an example:
Say I have a combination of Short/Long term capital losses
100K in short
20K in long
Then I sold a position with 60K gain: 50k long term and 10k in short
How will that be reconciled for the next year's taxes?
Will I have any tax liability left in this example?
Thx
I am still confused about how capital losses work when we file taxes.
Here is an example:
Say I have a combination of Short/Long term capital losses
100K in short
20K in long
Then I sold a position with 60K gain: 50k long term and 10k in short
How will that be reconciled for the next year's taxes?
Will I have any tax liability left in this example?
Thx