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Long Term Stock Loss Limit?

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pgll

Junior Member
What is the name of your state? CO
Using Schedule D to report Gain Loss.
is there a maximum Loss on Stock you can deduct ?
for example:
if I have Gain from Short Term ; let's say 6K
is there a limit (3K?, or ?) on Long Term Stock Loss I can include there to decrease my gain ?
I just want to sell only the necessary long term Stock to reduce my Sort Term Gain ....
Thanks
 


TinkerBelleLuvr

Senior Member
Short term gain is offset by short term loss.
Long term gain is offset by long term loss.

http://www.irs.gov/publications/p544/ch04.html#d0e6424
 

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