income and capital gain are different.

Income is payment for service.  Capital gain is increase in value of asset. 

Even though short term capital gain is taxed at ordinary income rate, it is not ordinary income and can be used to offset other capital losses.  

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As what I understand, buy and sell properti within one year -如山- 给 如山 发送悄悄话 如山 的博客首页 (116 bytes) () 10/10/2023 postreply 08:04:16

你再去想想 -柠檬椰子汁- 给 柠檬椰子汁 发送悄悄话 柠檬椰子汁 的博客首页 (132 bytes) () 10/10/2023 postreply 08:59:57

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