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Investors & landlords
The entire $20,000 carry over loss, from 2016, is first applied to any capital gains (short term or long term) on your 2017 return. So, yes, if you have $20,000 in gains,on your 2017 return, They will be wiped out by the carry over loss. The calculations will show on schedule D.
May 31, 2019
5:45 PM
21,475 Views