Question:

Can I offset a realized capital loss against mutual fund capital gain distributions?

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This is the year for losses, it appears. But some of my mutual funds are still paying capital gain and income distributions. Can I offset the losses?

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2 ANSWERS


  1. yes


  2. yes and you can carry any loss in excess of the gain to you 1040 up to $3000.  Losses over that amount must be carried to the following year.

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