Why do i have a capital loss use of $3468 in 2019 when i only had gains of $468
03535
3 Replies
cklevela2000
New Member
Apr 8, 2020 11:21:23 AM
can i just offset the $468 or do i have to use the max deduction every year?
DaveF1006
Expert Alumni
Apr 8, 2020 11:34:27 AM
Do you have capital loss carryovers from previous years? That may explain the difference.
Anonymous
Not applicable
Apr 8, 2020 11:59:23 AM
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