Capital gains taxed acquired after 12/31/2013

[ixora1]

A page came up while doing my taxes that is for people who have a capital loss carryover.  Apparently you can take any capital gains on assets that you paid taxes on acquired after 12/31/2013 and have these covered by the capital gains carryover.  Now I can't find this site, and a specialist I talked didn't know what I was talking about and couldn't fine it for me.  Has anyone else run into this or know the number of the tax form used to report this?

[hbl3973]

ixora1,

It appears you encountered a page related to a provision in the recent stimulus bill that applies to companies, not individual taxpayers.  An AIE.org web page explains:

"The stimulus package allows losses incurred in 2018 through 2020 to be “carried back” for up to five years. In other words, the corporation can retroactively deduct the loss against any profits it earned in the five previous years and claim an immediate refund of past taxes paid on those profits. In the example, the corporation could get an immediate refund in the sixth year by deducting the $500 loss against its previous profits. (A corporation with a loss bigger than its cumulative profits in the previous five years must carry forward the remainder.) Before the TCJA provisions were adopted, losses could be carried back, but only for two years."

Deloitte has a PDF with additional details at 

https://www2.deloitte.com/content/dam/Deloitte/us/Documents/Tax/us-tax-covid-19-stimulus-a-taxpayer-...