No, dividends, while taxed similarly now, are not capital gains. Capital losses only offset capital gains, EXCEPT - up to 3K a year of unused capital losses may be applied against ordinary income...which because of the rate differential, is really a nice advantage.
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.
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 long term gains be offset by short term losses
Yes, an individual can use ordinary losses to offset capital gains. Specifically, if an individual has an ordinary loss from a business or other trade, it can be deducted against ordinary income, which may include capital gains. However, capital losses can only offset capital gains. If the ordinary loss exceeds capital gains, the excess can typically be used to offset ordinary income, subject to certain limitations.
No you cannot apply for non-capital losses against dividend income. Capital losses only offset capital gains up to 3K a year capital losses may be used against ordinary income.
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.
It would make sense for people seeking capital gains to offset previous year losses.
You can offset up to 3,000 of capital gains with losses in a given tax year.
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.
Yes
can long term gains be offset by short term losses
You can offset long-term capital gains with short-term losses by selling investments that have decreased in value within one year to reduce the overall tax burden on your capital gains.
No you cannot apply for non-capital losses against dividend income. Capital losses only offset capital gains up to 3K a year capital losses may be used against ordinary income.
Yes, you can offset short-term capital losses with long-term capital gains for tax purposes. This can help reduce your overall tax liability.
Yes, you can claim crypto losses on your taxes as a capital loss, which can help offset capital gains and reduce your overall tax liability.
Yes, you can carry over capital gain losses to future tax years to offset capital gains in those years.
1)capital contributions, 2)ernings/losses, 3)payment of dividends