A net short-term capital loss first offsets any 28% net long-term capital gain before it offsets either 25% net long-term capital gain or 0%/15% net long-term capital gain.
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Q3: If § 1231 asset casualty gains and
Q10: Personal use property casualty gains and losses
Q12: The Code contains two major depreciation recapture
Q17: A personal use property casualty loss is
Q20: Section 1231 applies to the sale or
Q26: Short-term capital losses are netted against long-term
Q31: Nonrecaptured § 1231 losses from the seven
Q34: Section 1231 property includes nonpersonal use property
Q38: An individual taxpayer with 2012 net short-term
Q40: In the "General Procedure for § 1231
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