The capital gains (losses) netting process for taxpayers without 25 or 28 percent capital gains requires them to (1) net short-term and long-term gains, (2) net short-term and long-term losses, and (3) net the outcome to yield a final gain or loss to place on the tax return.

Question

Quizplus · Accepted Answer

The capital gains (losses) netting process involves netting short-term gains with short-term losses and long-term gains with long-term losses separately before combining the results to determine the final gain or loss.

The Capital Gains (Losses) Netting Process for Taxpayers Without 25