topic Can I offset "15% rate capital gains", that came as a distribution from a mutual fund, by with long-term losses from selling stocks? in Get your taxes done using TurboTax

Can I offset "15% rate capital gains", that came as a distribution from a mutual fund, by with long-term losses from selling stocks?

sjpohl — Tue, 24 Feb 2026 08:20:14 GMT

Re: Can I offset "15% rate capital gains", that came as a distribution from a mutual fund, by with long-term losses from selling stocks?

Anonymous_ — Tue, 19 Dec 2023 15:51:26 GMT

Yes, you can use any capital losses to offset capital gains from mutual funds.

By the way, the capital gains distributions from mutual funds are treated as long-term capital gains.

Re: Can I offset "15% rate capital gains", that came as a distribution from a mutual fund, by with long-term losses from selling stocks?

Hal_Al — Tue, 19 Dec 2023 19:54:12 GMT

Q. Can I offset capital gains distributions (CGD) from a mutual fund (box 2a on form 1099-DIV), with long-term losses from selling stocks?

A. Yes. This happens automatically, in TurboTax (TT), on Schedule D, after you enter your 1099-DIV and your stock sales. TT will also apply any short term losses, from stocks, against the CGD, if needed.

Re: Can I offset "15% rate capital gains", that came as a distribution from a mutual fund, by with long-term losses from selling stocks?

sjpohl — Wed, 20 Dec 2023 14:55:18 GMT

Thanks!