@starla74123 wrote:
HI - I owe you an apology - I now see that I had mistakenly put "2019" in my original post! Please pardon me. I have corrected it. My question is only about 2020. thanks again and sorry for my blooper.
It is automatic on schedule D. The smaller of schedule D line 16 (your loss after offsetting capital gains) or $3,000 is entered on the 1040 line 7 to offset your taxable income. Anything left over carries to 2021.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
