Comment on Tax loss harvesting opportunity - FY 2017/18
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?