What can stock losses offset
Capital losses must first be used to offset any capital gains in the current tax year. Offsetting Ordinary Income. If you have a $10,000 capital Up to the annual limits, you can use short-term capital losses to offset ordinary income after canceling out your other capital gains. Offset Gains with Short-Term What Capital Gains Tax (CGT) is, how to work it out, current CGT rates and how to You can report losses on a chargeable asset to HM Revenue and Customs selling or disposing of an asset to a family member unless you're offsetting a