The rule for capital gain over 12 months is bit confusing. I thought I check calculation with some example. Here is sample gain and loss for last year.
Total Loss: 100,000
Long term Capital Gain (over 12 months): 250,000
Short term Gain: 15,000
I want to know what is net gain after 50% capital gain discount. Do I have discount 50% after all calculation or on gain?
