GTman7
Returning Member

Investors & landlords

Thank-you for addressing my question.  The capital account (my basis) was positive the year before (2018) so my thought, since I sold all shares in 2019, was to adjust the 2019 "current year loss" so that the basis is exactly zero.  That way I am not getting credit for all of the loss for 2019, just the loss that I am allowed until my basis is zero.