Can Stcg be set off against LTCG? Long-term capital loss will only be adjusted towards long-term capital gains. However,a short-term capital loss can be set off against both long-term capital gainsand short-term capital gain. Losses from a specified business will be set off only against p...
During 2011, Dena has the following gains and losses: LTCG $4,000 LTCL $1,000 STCG $500 STCL $3,000 How much is Dena's tax liability if she is in the 15% tax bracket? Explain and/or show work. If he What does the em...