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Tax question about short term losses vs long term gains
If I want to tax harvest my investment account (short term losses) how much can I deduct from long term gains?
In other words if i want to sell long term winners can I offset that against short term losers? I read somewhere about only being able to deduct 3k against income but that doesn't seem like much - how do day traders handle their taxes? Must a be a nightmare. Any help or insight appreciated. |
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