Skip to main content
January 30, 2023
Question

Can Profit Sharing Plan distributions be offset by Capital Loss carryovers?

  • January 30, 2023
  • 1 reply
  • 0 views
No text available

1 reply

January 30, 2023

only in this manner. a net capital loss is deductible up to $3,000 which can be used to reduce taxable income.