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December 19, 2023
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Can I offset "15% rate capital gains", that came as a distribution from a mutual fund, by with long-term losses from selling stocks?

  • December 19, 2023
  • 2 replies
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Best answer by Anonymous_

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.

2 replies

Employee
December 19, 2023

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.

sjpohlAuthor
December 20, 2023

Thanks!

Hal_Al
Employee
December 19, 2023

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.