You'll need to sign in or create an account to connect with an expert.
Did you have capital gains in 2024 that were offset, reduced to zero?
I see. Yes. I do have capital gains in 2024 with $10000+. Thanks.
You used your all of your capital loss carryover.
You can deduct up to $3,000 in capital losses ($1,500 if you're Married Filing Separately). Losses beyond that amount can be deducted on future returns as a capital loss carryover until the loss is used up. Example
5 Things to Know about the Capital Gains Tax
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
naiomi82
New Member
ayalara
New Member
atn888
Level 2
h_resat
New Member
kenmadej
New Member