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_ · Accepted solution]

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.

[Hal_Al]

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. 

[sjpohl]

Thanks!