cheffner
New Member

I had a $4145 loss from bank stock in 2016 and could only deduct $3000. How do I deduct the remaining $1145?

 
Rachel_W
Expert Alumni

Investors & landlords

The remaining $1,145 will be carried forward and can be deducted in future years. You can carry forward this loss in future years until it is completely used up. The limit for Capital Losses is $3,000 per year.

See the TurboTax FAQ below for more details on Capital Loss Carryforwards:

https://ttlc.intuit.com/replies/4789424

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