Solved
How does long term captical loss offset short term capital gain work in turbotax?
Hello,
Suppose I have $10000 long term captical loss, $5000 long term capital gain, $15000 short term captial gain, how do I pay the tax?
From the existing posts it seems I should pay tax for the remaining $10000 short term captial gain part, is it right, and will turbox tax automatically offset the long term capital gain part ($5000) then short term captial gain part ($5000)? Is there any caveat that I should be aware of?
Thanks!
