Tax Answer
Accountant here.
Long-term losses can be used to offset short-term and long-term gains. Short-term losses can be used only to offset short-term gains and excess losses can be deducted up to $3,000 per year. [img]/images/graemlins/smirk.gif[/img]
Yes, you can offset these gains/losses. Make sure to do it before year-end.
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