turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

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

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

DaveF1006
Expert Alumni

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

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

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Anonymous
Not applicable

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

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 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies