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Financial Planning / Tax Strategies


Subject:  capital loss vs capital gain Date:  10/8/2000  3:22 PM
Author:  ajmayhew Number:  40688 of 124828

I need to know if I can deduct dollar for dollar my long term capital gains against my short term capital loss. I know that long term capital gains are figured at 20% of the profit. But can I also deduct my short term capital losses at the 20% rate?
Thanks in advance
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