As an example:
I have a total short-term capital loss of 100K from this year and/or previous years.
I have a long-term capital gain of 5K from this year.
In participation of future short-term capital gains, is it possible I choose to pay tax for the 5K LTCG in this year and therefore carryover the 100K STCL for deducting future STCG?
Sorry ... no. The cap loss must be netted against any cap gains each and every year and the extra $3000 allowed must also be taken.
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