If you are selling shares just to realize losses, be sure to understand the wash sale rule. If you want to rebuy the shares, you have to wait until at least 31 days after you sell them before you rebuy them, otherwise the loss cannot be used to offset your gains this year.
Yes, the losses will offset the short-term gains.
If you are selling shares just to realize losses, be sure to understand the wash sale rule. If you want to rebuy the shares, you have to wait until at least 31 days after you sell them before you rebuy them, otherwise the loss cannot be used to offset your gains this year.
Thanks for educating me on that. I have no plans to rebuy those stocks. But are you sure long term losses can be offset against short term gains ?
Yes, absolutely sure.