Quote:
Originally Posted by GregWeld
Losses on your investments are first used to offset capital gains of the same type. So short-term losses are first deducted against short-term gains, and long-term losses are deducted against long-term gains. Net losses of either type can then be deducted against the other kind of gain.
SO —- in other words —- if you have some losses you plan to take anyway — see that they’re long term or short term losses — harvest those - calc your loss and take a matching gain.... bingo — zero tax
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Ahh ha Eureka! I recently sold DBD at a loss which I held for years.. I can take the los amount and take that dollar amount in gains fro FB provided they are both have been own for more than 1 year Sound right ?