capital gain tax question

I should know this one but I want to be sure.

I have made some long term capital gains (LTCG) this year but I also have short term capital losses (STCL).

so my capital gain is(LTCG - STCL) <0. That amount is negative, so I can deduct a max of $3000 from my income, right? and the rest of the losses can be applied at a later year tax filling.

tj

I should know this one but I want to be sure.

I have made some long term capital gains (LTCG) this year but I also have short term capital losses (STCL).

so my capital gain is(LTCG - STCL) <0. That amount is negative, so I can deduct a max of $3000 from my income, right? and the rest of the losses can be applied at a later year tax filling.

That is correct.

Ira