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New Member
posted Apr 8, 2020 11:19:11 AM

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

0 3 535
3 Replies
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?

Expert Alumni
Apr 8, 2020 11:34:27 AM

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

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