Can I offset a sort term loss against a dividend

From: "Sushil Agrawal" <nrd1sxa@nrd.ups.com>
Subject: Can I offset a sort term loss against a dividend
Date: Wed, 26 Aug 1998 16:53:49 -0400

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If I sell a fund NOW (which was bought in Nov 97)  at a loss can I use the
dividends from other stocks to offset the loss.

I have a fund of which I bought  50 shares @ 18.73 now it is trading
at 14.42 (it had a capital gains distribution of $2.02  recently) so
actually is down only couple of dollars but if I sell it I will incur a
loss of about $200. can I offset this loss against the dividend from another
stock.

I plan to sell the fund, take a loss and buy back the fund.




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