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Investors & landlords
Your net capital gain/loss is calculated by subtracting your capital losses from your capital gains (Schedule D). If you have a net capital loss, you can deduct up to $3,000 per year as a capital loss. Losses beyond that amount can be deducted on future returns as a capital loss carryover until the loss is used up.
How is a capital gain or loss calculated?
You can't choose which tax years to apply your carryover to. Carryovers from this year's return must be applied to next year's.
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‎April 14, 2025
8:18 PM