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rmwilsonisaac
Returning Member

Should I be itemizing if I have a large short term investment loss?

 
1 Best answer

Accepted Solutions
CherylW
Level 3

Should I be itemizing if I have a large short term investment loss?

Not necessarily.

Your short term investment loss will be applied in future years against any long-or short-term gain you may have in the future, and will be carried over at the rate of $3,000 a year.

Your losses from investments don't have anything to do with itemizing your deductions.

If I've misunderstood your question, please post back to this thread.

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1 Reply
CherylW
Level 3

Should I be itemizing if I have a large short term investment loss?

Not necessarily.

Your short term investment loss will be applied in future years against any long-or short-term gain you may have in the future, and will be carried over at the rate of $3,000 a year.

Your losses from investments don't have anything to do with itemizing your deductions.

If I've misunderstood your question, please post back to this thread.

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