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How to Set off and Carry Forward Capital Losses - India: Long …

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WebSecond, reduce stock basis by distributions of $12,000. Since the shareholder has adequate stock basis before distributions, the distribution will reduce stock basis to … WebQuestion: Q1: During 2024, Gorilla Corporation, a calendar year C corporation, has net short-term capital gains of $15,000, net long-term capital losses of $105,000, and taxable income from other sources of $460,000. Prior years' transactions included the following:2016 net short-term capital gains$40,0002024 net long-term capital … WebIf you have incurred a long term capital loss on selling shares or equity mutual fund units after 31.3.2024 then you can set them off against any LTCG. As profits/gains on long … graphic full zip