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Tax Professional Answers
Edward Mahaffy, MBA, CFP, ChFC
-First, deduct short-term losses against short-term gains
-Second, deduct long-term losses against long-term gains
-Third, net the two totals to determine whether there is a net gain or loss.
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166 weeks ago
-Second, deduct long-term losses against long-term gains
-Third, net the two totals to determine whether there is a net gain or loss.