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Get your taxes done using TurboTax
1 thru 3 no. 4 - to the extent the k-1 reports capital gains your stock losses can be used to offset. it will not match the amount distributed but be reported on one of these lines of the k-1
8,9a, 11(i)(3) or (4)
capital gains/ losses are a specific category and only items (it capital gains) properly reported on schedule D can be used to offset capital losses. in addition, at most $3,000 of net capital losses can be used to offset other income any excess becomes a carryover.
‎December 19, 2022
9:10 AM
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