I was planning to make sure that at least 3K of losses were not offset this year. But my state doesn't allow carryover, so I would lose any additional write off for state tax purposes. And a secondary goal I have is to reduce my holdings of funds that make large distributions.Why do you "need to" do this? You can reduce regular income by $3K and carry over the rest to next year, and do the same thing then if you wish.
But you make a very good point. I need to consider whether I might be better off carrying some losses over, since I might be able to offset federal income in future years, even if I lose those losses for state purposes. Although given the distributions I get from my MFs (especially the three I cited), I think they would only be used to offset cap gain distributions, rather than regular income next year.
Statistics: Posted by SlowMovingInvestor — Tue Dec 26, 2023 3:33 am