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How does TT handle the $3K capital loss limit over each tax year?
Hello community. I have been using TT for doing my 78-year old mother's taxes since 2019. Each year she's had capital short-term losses over $20K each year in her investments. This has allowed her to take the $3K deduction allowed annually on her taxes. QUESTION: Is there any way to get a deduction beyond the $3K annually for prior years since she's had more than $3K in losses each year?
May 23, 2023
9:26 AM