No, you must apply all previous year and current year capital losses against this years capital gains. So you will record no net capital gains for the year and carry forward capital losses of $40,000 for subsequent years.
Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks
AN1 CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch
