Net short-term capital loss; and, The amount of long-term capital loss carried over to the tax year from the prior year. Collectibles gain or loss is gain or loss on the sale of a collectible as ...

Short-term capital losses (including any short-term carryover) of non-corporate taxpayers (individuals, estates and trusts) are applied first to reduce short-term capital gains. Under Internal Revenue ...

Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society ...