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

Connect with an expert

1 Best answer

Accepted Solutions

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

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

Tom Young

View solution in original post

2 Replies

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

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

Tom Young

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

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.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

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?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

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

Do you have an Intuit account?

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?

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert