I have Capital Losses on 2018 but I didn't file Schedule D on 2019 tax because I didn't do any investment in 2019. Can I still use 2018 schedule D losses on 2020 tax?
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1 Best answer
npierson7
Level 1
Feb 20, 2021 4:09:36 PM
Yes, you can use your unused capital loss occurred in 2018 for your 2020 tax return. According to the IRS rules, net capital losses in excess of $3,000 can be carried forward indefinitely until the amount is exhausted.
1 Replies
npierson7
Level 1
Feb 20, 2021 4:09:36 PM
Yes, you can use your unused capital loss occurred in 2018 for your 2020 tax return. According to the IRS rules, net capital losses in excess of $3,000 can be carried forward indefinitely until the amount is exhausted.