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posted Jun 1, 2019 8:09:51 AM

Can a long term loss on the sale of a partnership interest (K-1) be used to offset the long term gain on stocks and bonds?

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Expert Alumni
Jun 1, 2019 8:09:52 AM

Yes, provided that you are providing the correct basis numbers.  If you are, then the the loss is a capital loss and is used to offset gains on the sales of stocks and bonds, which are capital gains.

1 Replies
Expert Alumni
Jun 1, 2019 8:09:52 AM

Yes, provided that you are providing the correct basis numbers.  If you are, then the the loss is a capital loss and is used to offset gains on the sales of stocks and bonds, which are capital gains.