Capital gains sanity check

[madsquopper]

Pretty sure about this but getting a second (or third) opinion won't hurt. If I have exactly a 50K short term loss and a 50K long term gain during a given year, then they cancel each other out when calculating gross income. Both for tax purposes and the IRMAA limits.

 

[SevenUp]

Yes. See lines 7, 15, and 16 on https://www.irs.gov/pub/irs-pdf/f1040sd.pdf.