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leslie2002
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Can we deduct our capital loss occurred now from capital gains we had 11 years ago?

 
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‎October 15, 2019 7:57 AM
last updated ‎October 15, 2019 7:57 AM
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tagteam
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Can we deduct our capital loss occurred now from capital gains we had 11 years ago?

"Can we deduct our capital loss occurred now from capital gains we had 11 years ago?"

 

No. Individuals cannot carry back any part of a net capital loss to a prior year. Individuals may only carry forward the portion of a capital loss that exceeds the $3,000 annual deduction limit. 

‎October 15, 2019 8:05 AM
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