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My question, therefore, is this: will my loss help me in any way? Is a loss useful in offsetting dividend income and money market income, both of which I have? And, just in case I come across this scenario in the future, let me ask this: what if I sold tax at a loss but didn't have any capital gains or any dividend/interest income...what if I just had ordinary income? Is the loss useful in offsetting some of the ordinary income?

Please see this article in the FAQ:

Phil Marti
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