1426005
You'll need to sign in or create an account to connect with an expert.
can i just offset the $468 or do i have to use the max deduction every year?
Do you have capital loss carryovers from previous years? That may explain the difference.
you must have had a capital loss carryover of more than $3468. $468 is used to offset the gain and then up to $3000 of any loss remaining must be used. line 7 of schedule D should reflect a negative $3000
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.
bill Pohl
Returning Member
ilenearg
Level 2
arti-kwatra
New Member
bobking13
New Member
bkeenze1
New Member