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mamacta70
New Member

Why was my capital gains distribution subtracted from my capital loss carryover?

My capital gain divination was subtracted from my capital loss carryover. Is this correct?
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1 Reply
DianeW777
Expert Alumni

Why was my capital gains distribution subtracted from my capital loss carryover?

Yes. Capital loss carryovers would be used to offset any capital gain distributions because they are the same type of income.

 

If you are referring to the 'qualified' dividends this would be the appropriate tax treatment.

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