Hi Everyone.
I have a question I could use some help on.
I cashed in some Series EE Treasury Bonds this year and received a 1099-INT form for the proceeds on the bond interest of about $40K.
Also this year, I sold off some stock investments at a loss (-$20K) in an effort to offset these interest gains.
The gains in interest from the bond sale was more (+$40K) than the capital loss on the stock sale (-$20K).
After inputting all of the info in Turbo Tax, the 1099-INT Bond info does not seem to be combining with the Capital Loss on the Stock sale, resulting in a Capital Loss rollover ($-17K) for next years return.
Shouldn't the Bond Sale interest gained (+$40K) be a part of the Capital Gain/Loss Calc, meaning I do not have to rollover the remaining Capital Loss (-$17K) to next year and can realize it this year against the Bond gains?
