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CD gains/Equities Loss Tax Question
Old 12-30-2008, 01:32 PM   #1
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CD gains/Equities Loss Tax Question

Can your investments losses offset the interest gained of a CD during tax time?

Sorry if this question has been asked, but I didn't find it in search.

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Old 12-30-2008, 01:37 PM   #2
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Your investment losses can offset up to $3,000 worth of ordinary income per year, including interest income.

45 years old. Exited the job market in 2010 (age 36). Have lived solely off my investments since 2015 (age 41).
Current AA: real estate 30% / cash 70%
Current WR: < 2%
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Old 12-30-2008, 01:40 PM   #3
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Up to $3K of your investment losses can be used to offset income, including CD interest income.

Perhaps one of the professionals on the board will confirm this?
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Old 12-30-2008, 01:42 PM   #4
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So, cd interest is considered ordinary income. Bummer
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