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New Member
posted Dec 12, 2022 11:34:04 AM

Can I get a tax refund this year if I made capital gains last year and paid tax on it, but made capital gains loss this year?

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2 Replies
Level 15
Dec 12, 2022 11:42:34 AM

the only capital loss carryback available is for regulated future contracts. capital losses on stocks, bonds, options, and mutual funds cannot be carried back

Level 15
Dec 12, 2022 11:44:24 AM

A tax refund or taxes owed is based on your total income, your total tax liabilities and the total of all taxes withheld and/or credits eligible to be received.

 

Start a tax return to get an estimate of a tax refund or taxes owed - https://turbotax.intuit.com/personal-taxes/online/

 

You can also use the TurboTax calculator to get an estimate of a tax refund or taxes owed - https://turbotax.intuit.com/tax-tools/calculators/taxcaster/