I have two brokerage accounts. Each one has realized losses greater than the deduction limit, but the 1099 is not ready for one account. Is it ok to report just one 1099?

globexplorer · ‎June 3, 2019

Coleen3 · ‎June 3, 2019

No, you need to report everything. You will have accumulated losses that you can deduct year after year until it runs out.

You can take up to $3000 loss per year and if you have a gain in the future, the loss can be counted against it.

Coleen3 · ‎June 3, 2019

No, you need to report everything. You will have accumulated losses that you can deduct year after year until it runs out.

You can take up to $3000 loss per year and if you have a gain in the future, the loss can be counted against it.

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