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Level 1
posted Oct 5, 2023 4:54:17 PM

In my taxable investment account will taking 20k in long term losses offset 10k in long term gains, and any of 10k in interest and 12k in dividends?

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Level 15
Oct 5, 2023 5:04:47 PM

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Level 15
Oct 5, 2023 5:04:47 PM

Level 15
Oct 5, 2023 5:05:13 PM

@Timbo99 the long term losses will certainly offset the long term gains.   otherwise, the losses can only offset up to $3000 of ordinary income (the interest and the dividends) each year.  In your example, the remaining $7000 of losses are carried over to 2024.