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Short term vs long term capital gains, loss carryovers
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Hi - I have stock that I receive every year which of course has been hammered - I want to sell just enough to take advantage of the maiximum 3000 capital loss, just to offset ordinary income, also: 1. Can the loss be used to offset ordinary income even though I'm subject to AMT ? 2. Does the...
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Hi - I have stock that I receive every year which of course has been hammered - I want to sell just enough to take advantage of the maiximum 3000 capital loss, just to offset ordinary income. I can sell stock I've held for a while and generate a long term loss or use stock acquired this year for...
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A friend sold some investment real property this year and had a large long term capital gain. He invested the proceeds in the market and the values are down. If he sells the investments now he will have some short term capital losses. Can he use the STCL to offset the LTCG? He also paid...
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