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Ansmyr
New Member

If I got all the federal taxes and states taxes that I paid back because I don’t make enough and I lost a good amount of money in the stock market trading options would I get more money back when

 
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ColeenD3
Expert Alumni

If I got all the federal taxes and states taxes that I paid back because I don’t make enough and I lost a good amount of money in the stock market trading options would I get more money back when

Your question cut off.

 

The maximum loss you can claim is $3,000 in any one year. The balance is carried forward until it is used up.  But, you must report the capital loss carry forward on your current year return. You are not allowed to postpone using it or saving it for a more advantageous time.

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