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Investors & landlords
Yes, the capital loss is in addition to your standard deduction.
You capital loss carry forward goes on Schedule D (lines 6 and/or line 14). There it combines with any gains or losses for this year. The net gain or loss goes on line 7 of form 1040. But, a net loss is limited to $3000. Any excess carries to next year.
March 3, 2021
10:39 AM