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.
If you are talking about a Long Term Capital Gain dividend from a mutual fund, the answer is yes.
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.
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.
A c corps capital gain is taxed as ordinary income so why couldn't you use an NOL to offset the gain?
Yes.
If you are talking about a Long Term Capital Gain dividend from a mutual fund, the answer is yes.
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.
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.
A c corps capital gain is taxed as ordinary income so why couldn't you use an NOL to offset the gain?
A c corps capital gain is taxed as ordinary income so why couldn't you use an NOL to offset the gain?
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.
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.
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.
Yes.
Dividend revenue is shown as other revenue section of profit and loss section of income statement.
can long term gains be offset by short term losses
Yes up to $3000, ask your accoutnat for specific rules, Yes, up to $3000, ask your accountant for specific rules.