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awaisel
New Member

I have a capital loss carryover from 2018. It is not being used in 2019 ($3000). In other words "Capital Loss used in 2019 = 0"

 
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I have a capital loss carryover from 2018. It is not being used in 2019 ($3000). In other words "Capital Loss used in 2019 = 0"

The current year carryover loss from the prior year is on schedule D line 6 & 14.

 

On the income page The 2019 column shows the carryover to 2020 (not your current loss for 2019).  

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3 Replies
Carl
Level 15

I have a capital loss carryover from 2018. It is not being used in 2019 ($3000). In other words "Capital Loss used in 2019 = 0"

What is the loss from? It matters. Sale of rental property? Sale of some other investment such as stocks or bonds. Sale of a SCH C business asset? Something else?

I'm not positive on the limit, but I "think" if your AGI is over $168K then the loss just gets carried over again. It also depends on what the loss is from.

 

I have a capital loss carryover from 2018. It is not being used in 2019 ($3000). In other words "Capital Loss used in 2019 = 0"

The current year carryover loss from the prior year is on schedule D line 6 & 14.

 

On the income page The 2019 column shows the carryover to 2020 (not your current loss for 2019).  

I have a capital loss carryover from 2018. It is not being used in 2019 ($3000). In other words "Capital Loss used in 2019 = 0"

this can happen if your tax is zero. That's a good thing.

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