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What else can I help you with?
Can an individual ordinary loss offset a capital gain?
Yes.
Can you use capital loss to offset dividend income?
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.
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.
Do short-term losses from a stock sale offset short-term capital gains for tax purposes?
Short offset shorts first, then they offset longs. Your better to have them offset short, as short is taxed at ordinary rate and long at special lower rate. A stock sale is a capital gain/loss transaction.
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 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 capital loss to offset dividend income?
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.
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.
Do short-term losses from a stock sale offset short-term capital gains for tax purposes?
Short offset shorts first, then they offset longs. Your better to have them offset short, as short is taxed at ordinary rate and long at special lower rate. A stock sale is a capital gain/loss transaction.
Can you offset a collectible gain with capital losses?
Yes
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 carry over capital gain losses to future tax years?
Yes, you can carry over capital gain losses to future tax years to offset capital gains in those years.
Does precious metal miners pay capital gain tax?
They would have to pay ordinary income tax on gains from mining. This would not qualify as a capital gain.
Is there capital gain tax on repossessed property?
Any cancellaton of debt is ordinary income.
What is the short term capital gain rate for stocks?
The short term capital gain on a stock held for less than one year is the rate you pay on ordinary income.
Is boot taxed as capital gain?
No, boot is not taxed as capital gain. Boot refers to non-cash property or services received in an exchange that may be subject to taxation as ordinary income.
