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Offsetting loss carry forward
I have about 40k of loss carry forward shown on my 2023 Schedule D Line 16. Would like to fully offset it in my 2024 taxes by selling a mutual fund and realizing some gains. I have a mutual fund with current value of 350k and total gain of 150k. Is there a way to determine how much do I need to sell to realize 40k in gains? Don't want to sell more than I have to for offsetting that 40k of loss carry forward. Thanks in advance!
‎December 23, 2024
2:42 PM