You'll need to sign in or create an account to connect with an expert.
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.
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Keppy
Level 1
Angel62
Returning Member
vijay-saikrishna
Returning Member
FitWit
Level 2
you
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.