US NRI Taxation: Can Short-Term Capital Losses from Indian Equity Markets Be Carried Forward and Offset Against Future Gains from the US IRS Perspective?

Hi r/tax (or r/IndiaInvestments, r/personalfinanceindia – mods, please let me know if this fits better elsewhere), A US-based NRI (Non-Resident Indian) trying to understand the tax implications of capital losses and gains in the Indian equity market from the perspective of the US IRS. Specifically, I'm curious about carrying forward short-term capital losses (STCL) and whether they can offset future short-term capital gains (STCG) or long-term capital gains (LTCG) to reduce or avoid US taxes on those profits. For example: Let's say Mr. A (a US resident) incurs a ₹10 lakh STCL in the Indian equity market in Year 1. Over the next 3 years, he realizes ₹10 lakh in combined STCG/LTCG from the same market. From the US IRS viewpoint: Can the previous STCL be carried forward and used to offset the new gains? Would this allow Mr. A to avoid paying US taxes on the profits made in India (assuming no other income/tax considerations)? I know US citizens/residents are taxed on worldwide income, and there's a double taxation avoidance agreement (DTAA) between the US and India, but I'm unclear on how losses factor in. Any insights, resources, or experiences from fellow NRIs or tax pros would be greatly appreciated! Please note, this is for educational purposes – I'll consult a tax advisor for personal advice. Thanks in advance!