@leesm99pikl wrote:
Thanks .... But my Capital losses on disposal of worthless securities in 2019 is in excess of my 2019 capital gains ,i need to carry back to 2018 ..
You do not have an NOL and you cannot carry back a capital loss.
You can deduct up to $3,000 in capital losses ($1,500 if you're married filing separately) and then the excess over that amount is carried forward to subsequent tax years.
