Solved: Can i write off a $20k long term loss against a $20k long term gain from 2018?

Can i write off a $20k long term loss against a $20k long term gain from 2018?

has anything changed for 2018 which would affect this?

posted

No, nothing has changed in the area of capital gains and losses. Long term losses are still netted against long term gains.

Tom Young

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No, nothing has changed in the area of capital gains and losses. Long term losses are still netted against long term gains.

Tom Young

gains and losses are netted each year. then net losses can only be carried forward. one exception deals with capital losses from regulated futures contracts.

Received an EDA-131 from Illinois. Apparently didn't send my 2018 form in. Worked fast food and made minimum wage. Don't understand how I apparently owe so much money??

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Can i write off a $20k long term loss against a $20k long term gain from 2018?

Can i write off a $20k long term loss against a $20k long term gain from 2018?

Can i write off a $20k long term loss against a $20k long term gain from 2018?

Can i write off a $20k long term loss against a $20k long term gain from 2018?

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Can i write off a $20k long term loss against a $20k long term gain from 2018?

Can i write off a $20k long term loss against a $20k long term gain from 2018?

Can i write off a $20k long term loss against a $20k long term gain from 2018?

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