Zeev's Turnips Patch-No Politics (ZEEV)

[Babylon]

Well thanks Rob for the update.

So in this following example, I have $20000 in net LT capital gains (no LT losses), and I have $8000 in net ST capital losses (the $8000 is the NET ST realization [ST gains minus ST losses]), both realized in the same year, so the net taxable gain would be $12000 - which would be taxed at the LT rate. There would be no carry forward, as the ST losses would all be used towards the LT gains in that one year. Also, there's no ordinary income in this example...

Does that still sound right? TIA.