- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
it's a question of whether you have net capital gains or net capital losses. the net is on line 16 of schedule D.
the wash sale disallowed losses are added to the tax basis of the substantially identical securities that caused the wash sale. so you get the loss benefit when those are sold in a fully taxable transaction (you do not again create a wash sale)
while line 16 may show a $13K loss only up to $3K may be used in 2023. the rest becomes a capital loss carryover to be used in future years.
‎February 14, 2024
2:20 AM