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?
01603
1 Best answer
Coleen3
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
Coleen3
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.