Comment on Tax loss harvesting opportunity - FY 2017/18

Milind commented on 11 Oct 2018, 05:56 PM

About tax loss harvesting …

Can I offset short-term or long-term loss from sale of stocks against dividend distributions from MFs?

I have been wanting to sell off a few of my holdings in companies which I do not think have good long-term prospects.

Now with the market down, my losses in these stocks have further increased.

However, I still feel that selling the poor businesses at a loss and moving the proceeds into better businesses at this lower market level would be best.

I want to offset the loss against some other profit. I just remembered that my ELSS MF distributions will be attracting 10% tax starting April 1 2018. Hope to harvest the loss and offset that loss against MF dividends.

Would that work?

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