The Capital Gains Blog

Posts Tagged ‘capital gain distributions on mutual funds’

Question: Can I use realized capital losses to offset Capital Gains Distributions from mutual funds?

I thought the answer was yes, but Turbo Tax doesn’t seem to want to let me. I’m pretty sure you can’t use losses to offset dividends though, right?

Answer: YES YOU CAN
capital gains distributions are not dividends

the distributions go on line 13 of schedule D
Your losses also go on sch D

you are right that capital losses can’t be used to offset dividends (directly), but an overall loss, up to $3000 will reduce your total taxable income

I don’t know what the deal is with
Turbo tax – it should work

Franklin Street Properties Corp. Announces Tax Composition of 2009 Distributions

WAKEFIELD, MA–(Marketwire – January 19, 2010) – Franklin Street Properties Corp. (“FSP”) ( NYSE Amex : FSP ), an investment firm specializing in real estate, announced today the tax composition of its 2009 distributions. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of FSP distributions. Ticker Symbol: FSP Common Stock (CUSIP …

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