JohnB5677
Expert Alumni

Deductions & credits

I'm not quite sure of the question, but (on the Federal) if you had $2,000 of capital gain, you will use -$2,000  of the loss to offset that.  In addition,  If the remaining Capital loss carryover is greater than $3,000, you can also deduct that $3,000 from regular income.

 

Again, In Oregon you do not have a carryover, so you will be taxed on the $2,000 of Capital Gain.

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