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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1 Best answer
DanielV01
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
DanielV01
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.