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Short term vs long term capital gains, loss carryovers
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Back in 2000 and 2001, I had short term capital losses that exceeded the 3000 dollar limit. Each year, I've been able to deduct 3000 dollars since my short term gains have been minimal. I still haven't used up all my 2000 and 2001 short term losses. I had some long term gains in 2000, but...
Can short term capital losses offset long term capital gains in the same tax year?
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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...
Short versus long term capital gains
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I have an investment account that I'd like to reposition some of my holdings from. For tax purposes, can I offset a long term capital gain with a short term capital loss or do I have to match long term gains with long term losses, etc? Secondly, if I have a long term or short term loss, and I...
Accounting for Long Term and Short Term Cap Gains
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How do I properly account for Long Term and Short Term Capital Gains from investments (stocks and bonds)? I am unsure of which account to use and the proper treatment on the financial statements. We (the Company) have not been involved in investing much until this year. Feel free to assume I know...
Short-term capital gains from stock sales
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"Short-term stock gains are taxed as ordinary income. Therefore, the nominal tax rate will be whatever tax bracket you are in. More explicitly, it will be taxed at the federal tax rate (bracket) as determined by your taxable (not gross) income line on your federal tax return." If all of my income... View more questions Search
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