hi,
i know that for long-term capital gain, we would be taxed at 15% of the tax bracket and for capital loss (regardless time frame), it can be tax-deductible for up to 3000.
however, let say this year, I've have lost 3000 in one stock, and 3000 long term capital gain on another stock. According what I have researched, these will cancel out one another. Is this true, or these two transactions can be recorded seperately according the the rule i described above.
in another word, the gain/loss is the net of investment or each transaction is applied toward the rule.
thanks.
2007-09-27
09:36:34
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4 answers
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asked by
Dreamer
1