As NRA paid 30% Capital gains tax last year.This year made losses but tax rate is lower than 30% i paid for gains last year.Is there way can deduct 30% of capital losses?
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As NRA paid 30% Capital gains tax last year.This year made losses but tax rate is lower than 30% i paid for gains last year.Is there way can deduct 30% of capital losses?
as per rules I can deduct 3000 of losses from my income, but the effective tax rate that would apply would be much lesser than 30% I paid on my gains last year.
As NRA paid 30% Capital gains tax last year.This year made losses but tax rate is lower than 30% i paid for gains last year.Is there way can deduct 30% of capital losses?
No, you have to take capital gains or losses in the year for which they occurred, or use carryovers as required.