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Cost Basis Carryover (Stocks)
Hi, I'm sure a variation of this type of question has been asked numerous times, but I'm trying to understand the carry forward loss relative to my situation while looking at my return. On my schedule D form 1040 from 2022, I have line 16 and 21 listed with capital losses amounting to "-2,499.00." First, do I know for sure this entire amount was used towards my 2022 tax return, and second, can none of the previously mentioned losses be applied to my 2023? I want to know so before I start selling stocks before the year is over. Thanks!
‎November 15, 2023
11:02 AM