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Why did my net capital loss of $412 barely increase my estimated refund? My return isn't complex. I only reported wage income, and cryptocurrency trades so far.
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March 15, 2020
10:49 PM
Anonymous
Not applicable
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Get your taxes done using TurboTax
that $412 loss may only be worth $41 or less in additional refund.
we cant see your return so we don't know your exact situation
March 15, 2020
10:52 PM
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Get your taxes done using TurboTax
Ok I misunderstood. A net capital loss decreases your taxable income directly but not taxes owed huh?
March 15, 2020
11:06 PM