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ANSWER
No capital loss can only be used to reduce any capital gain, and even in then there are rules. You can not use capital gain to offset against ordinary income.
NB: Personal use capital loss can not be offset against any capital gain, losses on collectibles can only be offset against other collectibles capital gain and all "other" capital loss e.g. dividends, shares, real estate can be offset against "other" capital gain.
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Can i offset Capital Gain Dividend with capital loss?
If you are talking about a Long Term Capital Gain dividend from a mutual fund, the answer is yes.
Can you offset Capital Gain Dividend with capital loss?
A capital gain and a dividend are two different things completely. You can offset a Capital Gain with Capital Losses, but you cannot offset dividends with capital losses. They are different items and are reported on different forms.
Can a C-corporation use its ordinary loss to offset capital gain?
A c corps capital gain is taxed as ordinary income so why couldn't you use an NOL to offset the gain?
Can an individual ordinary loss offset a capital gain?
Yes.
Can you use long-term capital loss to offset short-term capital gains?
can long term gains be offset by short term losses
Can i offset Capital Gain Dividend with capital loss?
If you are talking about a Long Term Capital Gain dividend from a mutual fund, the answer is yes.
Can you offset Capital Gain Dividend with capital loss?
A capital gain and a dividend are two different things completely. You can offset a Capital Gain with Capital Losses, but you cannot offset dividends with capital losses. They are different items and are reported on different forms.
Can a C corporation use its ordinary loss to offset capital gain?
A c corps capital gain is taxed as ordinary income so why couldn't you use an NOL to offset the gain?
Can a C-corporation use its ordinary loss to offset capital gain?
A c corps capital gain is taxed as ordinary income so why couldn't you use an NOL to offset the gain?
You sold 200 shares of stock today for 61.80 a share You bought those shares 1 year ago at a total cost of 14210 What is the amount of the dividend income you received on this investment?
THere is no way to calculate your dividend income from these figures, only your capital gains (or in this case, capital loss of $1850). Dividend income is money, usually profits, distributed to the stockholders from the company.
If you have a large capital loss carry forward on your federal income tax and if you have a gain this year can you off set the whole gain up to the loss carried forward?
That is the way that it will work when you use the schedule D of the 1040 income tax return correctly and you have a large capital gain that would offset the large capital loss.
Write the Exceptions to the general rule that a loss from a source of income under any head can be set off against income from any other source under the same head?
If this is a question about income tax losses go to www.irs.gov and use the search box for type LOSSES Some business losses offset other income. Some rental income can offset other income. CAPITAL GAINS AND LOSSES Sale of assets offset each other and after that is done any remaining loss can use to offset ordinary income up to the 3000 maximum per year on a MFJ income tax form and any reaming loss after that can be carried forward into future years in the same way until the loss is used up.
Where does dividend revenue go on a multiple-step income statement?
Dividend revenue is shown as other revenue section of profit and loss section of income statement.
Can an individual ordinary loss offset a capital gain?
Yes.
Can you use long-term capital loss to offset short-term capital gains?
can long term gains be offset by short term losses
Can you use capital loss to offset ordinary income?
Yes up to $3000, ask your accoutnat for specific rules, Yes, up to $3000, ask your accountant for specific rules.
You purchased land 20 years ago for 20000 and this year sold it for 17000 so do you have to pay taxes on the 17000 this year?
No. This should be treated as a capital gain/loss. If you bought the land for $20,000 and sold it for $17,000 you do not have any income or a gain. On the contrary, you have a $3,000 capital loss which can be used to offset some of your income and decrease your taxes.
