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  • Re: In 2020 I have a $12,000 long term capital loss with no capital gains to offset it. Am I required to use $3,000 against ordinary income in 2020?
fanfare
fanfare
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Get your taxes done using TurboTax

you have a big loss but $3,000 is the max you are allowed per year. the rest will carryover to coming years.

‎October 8, 2020 2:01 PM
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