ThomasM125
Expert Alumni

Investors & landlords

You are being asked to enter the portion of any gains or losses reported on your federal tax return during the current year that were from the disposition of assets purchased or acquired after December 21, 2011. It looks like you have a capital loss carryover from previous years, so you need to see what portion of that appears on your federal tax return this year and if it was from assets acquired after December 21, 2011, you should report that amount.

 

Capital losses on your federal return are limited to $3,000 per year, so if you didn't sell anything in 2020, your loss is probably that amount. 

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