Question

Short term loss capital​

Answer 1

✷ SHORT TERM CAPITAL LOSS :-

• A short-term loss is a deficit realized from the sale of personal or investment property that has been held for one year or less.

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Answer 2

A short-term loss is realized when an asset is sold at a loss that's only been held for less than one year. A short-term unrealized loss describes a position that is currently held at a net loss to the purchase price but has not been closed out (inside of the one-year threshold). Net short-term losses are limited to a maximum deduction of $3,000 per year, which can be used against earned or other ordinary income.

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