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Taxes on futures
For 2019 i had 0 income but i did have a loss of just under $2500 with my futures trading account. Normally every year I deduct the max 3000 dollars with my taxes. This year it is saying that since I have reached the max allowable exceptions of ( 12,000 dollars) I do not get anything back from my losses. This just does not seem correct. I really don't want to go back to my CPA for this and any help would be great.
Thank you!
March 18, 2020
1:12 PM