tominboise
Recycles dryer sheets
I sold out some bond funds in our taxable account earlier this year. It netted about $30k of long term capital gains. If I now sell some other mutual funds at a loss, that I have held for years, say of $10k, does that net to $20k of taxable long term capital gain? Or can I only recognize $3k of that $10k loss this year?
I believe the net to $20k, which is then claimed on our taxes, to be the case but would like confirmation.
I believe the net to $20k, which is then claimed on our taxes, to be the case but would like confirmation.