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Next year's quarterly estimated payments with tax-loss harvesting carryover
For example, I perform tax-loss harvesting in current year, realizing a net capital losses of $50,000. The carryover amount should be $47,000 i.e., $50,000 - $3,000 (capital losses deduction from ordinary income).
I expect some income / capital gains during Q1 next year, but it will be less than $47,000 carryover amount. Do I need to pay any quarterly estimated payments?
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‎December 29, 2022
9:39 AM