I sold some stocks ( not wash sales) and realized a longterm loss of -1698.08
On 1099B
1d Proceeds = $936.81
1e Cost bases = $2634.89
Loss = -1698.08
When I enter these values, my tax burden only goes down by $590
I was of the notion that the full loss under $3000 can be deducted from taxes. Can some please explain why I am getting this result?
