On a stock loss,can half the loss be ducted from a gain from U.S. Saving Bonds?

Question

Can a stock loss dbe deducted from anyother intrest gain?

Answer 1

No, stock loss, is a capital loss, and can only be offset by capital gain, or you can deduct up to $3,000 per year ($1,500 if married filing separately) for capital losses, and carryforward the remaining loss until used up.

These are two totally separate issues, reported on two separate forms. Savings bond interest is reported on Schedule B, and stock losses (and gains) are reported on Schedule D.

Answer 2

Not exactly - they are on separate lines of your return. But if you have a net capital loss from your stocks, up to $3000 per year can be deducted from ordinary income, so in essence it would wipe out up to $3000 per year of other income for tax purposes. If your net loss is over $3000, you can carry the extra over to following years, deducting $3000 each year until your carryover is used up.

Answer 3

Interest income does not directly offset a capital loss. Only capital gains and losses can offset each other, and then the net capital loss can be used to offset other income.

If you have a net capital loss, you can use up to $3,000 per year to offset other income. If your other income is interest income, then that interest income can be offset by your net capital loss.

Answer 4

the loss will net against the gain when you're done.

see your tax preparer. taxes calculations are best done by a pro.