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Can Unreported Capital Loss from 2018 Carryover to 2021 Tax Return?
Bit of an interesting scenario here: capital loss from 2018 was unreported because I was a dependant and didn't think I had to report (never received notifications from IRS, made an online account, and didn't see any notices there either so I hope I'm safe). Also because I was ignorant about dealing with finances.
1. Wondering if I could offset this year's gains using those losses.
2. Should I be concerned about not reporting in 2018 and follow up somehow?
Thank you.
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‎November 18, 2020
9:47 AM