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New Member
posted Jun 5, 2019 2:57:10 PM

I have 100K of carryover losses but will make about $125K in gains this year....will I only have to pay tax on the 25K difference, or can I only use the standard $3k?

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1 Best answer
Intuit Alumni
Jun 5, 2019 2:57:12 PM

You losses will count against your gains. There is no option to only have $3000 applied.

1 Replies
Intuit Alumni
Jun 5, 2019 2:57:12 PM

You losses will count against your gains. There is no option to only have $3000 applied.