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June 6, 2019
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I NEED HELP FROM TAX SPECIALIST

  • June 6, 2019
  • 1 reply
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CAN INCOME FROM MAKING MONEY BY SELLING GOLD BULLION be redused by  taking lossesin stocks?
Best answer by SweetieJean

Long term collectible gains are offset by any long term capital losses, by any net short term capital losses, and by any long term capital loss carryovers. The IRS instruction booklet for Schedule D lays out the process. 

1 reply

Employee
June 6, 2019

Long term collectible gains are offset by any long term capital losses, by any net short term capital losses, and by any long term capital loss carryovers. The IRS instruction booklet for Schedule D lays out the process. 

jz01d3Author
June 6, 2019
Thank you for making me clear how it is. You are great. John D.