Hi guys ive just got a couple of questions.
1.) is bank interest taxed at the same rate as dividends?
im just a normal person with a normal job with normal income, say I get $200 bank interest and I get $200 in dividends paid to me, do they both get taxed at the same rate?
2.) say I have a capital LOSS of $5,000
and I have $500 in dividends paid to me, can I use that capital loss to offset my dividends for the yr?
or can I only use a capital loss to offet capital gains? and not dividend income or bank interest income?
ok thanks guys
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tax question please help
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