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?
Make a postAsk questions and learn more about your taxes and finances.
22flipper22
New Member
ksg2000
New Member
Curious One
Level 4
patmad
New Member
Neiff5
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.