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.
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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