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?

pigdog88 · ‎June 1, 2019

DanielV01 · ‎June 1, 2019

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.

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View solution in original post

DanielV01 · ‎June 1, 2019

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.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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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?