Why do i have a capital loss use of $3468 in 2019 when i only had gains of $468

cklevela2000 · ‎April 8, 2020

cklevela2000 · ‎April 8, 2020

can i just offset the $468 or do i have to use the max deduction every year?

DaveF1006 · ‎April 8, 2020

Do you have capital loss carryovers from previous years? That may explain the difference.

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Anonymous · ‎April 8, 2020

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

Why do i have a capital loss use of $3468 in 2019 when i only had gains of $468