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Investors & landlords
your capital gain / loss for 2021 is zero.... you had a gain of $313 offset by the capital loss carryforward of $1118, which leaves $805.
But that remaining $805 can be used as an ordinary loss as up to $3000 of losses can be taken as ordinary losses each year. Look on Line 7 of Form 1040...do you see $(805)?
therefore your remaining carryforward is zero....
‎June 19, 2022
5:33 AM
3,019 Views