DawnC
Expert Alumni

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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