Short term carryover against long term gain?

[Jeff Wisnia]

Can a short term capital loss carryover be used to offset long term
capital gains in a succeeding year?

Thanks,

Jeff
--
Jeffry Wisnia
(W1BSV + Brass Rat '57 EE)
The speed of light is 1.8*10^12 furlongs per fortnight.

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[Rich Carreiro]

Jeff Wisnia <Jwis...@DUMPTHIScomcast.net> writes:

>Can a short term capital loss carryover be used to offset long term
>capital gains in a succeeding year?

Yes. A carried-in ST loss is treated no differently
than a current-year ST loss.

First you net ST-loss against ST-gain.
Then you net LT-loss against LT-gain.

If one of those nets is a loss and the other
net is a gain you net the nets against each other.

--
Rich Carreiro rlc-...@rlcarr.com