RKT12
New Member

Is there a limit on long term capital loss to offset interest income for tax deduction? Not asking about carryover Does 14000$ in Long term loss offset a14000$ in gains?

Is there a limit on long term capital loss to offset interest income for tax deduction? Not asking about carryover For example, Does 14000$ in Long term loss offset a14000$ in gains(Dividend and Interest income) for tax purposes for the same tax year? Or will 3000 be used to offset and will the remaining 11000 be carried over?