Short term cap gains with income carryover losses

[Nick Frey]

Short term cap gains basically get counted as income...you have $100k income and $100k short term cap gain, you basically have the same as $200k income.

I've been very careful over the years and have tremendous carryover losses within ordinary income (active losses as RE professional).  If I were to sell a flip this year and earn $100k short term cap gain, does this add to a large negative carryover loss and essentially just eat into my "banked carryover"?  I.E. does this mean I can avoid paying short term cap gains?