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Can I deduct "leftover" investment losses from 2014 & 2016 (adding combined balance) on my 2017 return?
I had a massive ($7500) investment loss in 2014, and took the maximum deductions for my 2014 & 2015 returns ($3K each year), leaving a balance of $1500 unused... Then I had to sell investments in 2016 at a loss to the tune of about $4,600, and again wrote off $3K in my 2016 return.
So once again I have $3K in losses if the leftovers are now combined, to write off in 2017, by my logic.
Is there a prohibition (or a "red flag" that will result) to combining "leftover" losses from non-consecutive years?
Thanks much for any pointers!
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‎June 6, 2019
7:55 AM