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Subject:  Re: Capital Loss Deduction and Strategy? Date:  4/18/2000  7:53 PM
Author:  TMFTaxes Number:  34733 of 127642

<<For example, if I have $7000 in short term gain, can I offset $5000 in short term loss against it?>>

There is an EXCELLENT article in the Taxes FAQ area regarding the "netting" aspect of capital gains. I can say that it's excellent since I didn't write it.

It really lays out the issues and how capital gains (both short term and long term...and the capital loss deduction and/or carrover) actually works. I'd really recommend that you check it out for additional details.

TMF Taxes
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