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Old 12-29-2016, 11:44 PM
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Join Date: Dec 2016
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Any way to offset some of my capital losses?

I know I shouldn't wait till the last day of the year to ask this, but this typifies my general poor money skills.

I have a large capital loss for the year, even after selling (the few) gains I have.

Is there anything I can use those losses against? Or just keep taking $3,000 loss each year beyond my cap gains ? that will take a LONG time to use up this loss.

Traditional to roth IRA conversion - does that money coming out of the traditional count as a capital gain? Or just income like salary?

I know - too late to ask, but are there mutual funds that are tax inefficient and return loads of capital gains at the end of the year (rather than dividends) (buy $1000 of mutual fund x before they make their annual distribution... and it's something big like $500 of cap gains?) I know, usually you don't want it to make large distributions cause you have to pay tax on it. but I want to use up this capital loss sooner than later. (Tax rates are going down with trump, I feel.

Anything else?

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