https://ttlc.intuit.com/community/taxes/discussion/re-trader-in-security-with-mtm/01/1580192#M563127 <P>Since you are MTM, there is no carry forward of losses.</P><P>If you are referring to $50,000 of Investor losses on Schedule D, you can't apply those to Professional Trader Income, only to the upcoming Schedule D.</P><P>Based on your question, it sounds like you are not reporting your Professional Trader activity correctly.</P> Sun, 10 May 2020 21:38:33 GMT fanfare 2020-05-10T21:38:33Z https://ttlc.intuit.com/community/taxes/discussion/trader-in-security-with-mtm/01/1580098#M563104 <P>I am a trader in security with MTM as status with IRS since 2014.&nbsp;</P><P>I had a losses of $50K as carry forward from previous years.&nbsp;</P><P>In 2019 I made profit of 20K.</P><P>How to offset 2019 capital gains or other income with carry fwd losses ?</P> Sun, 10 May 2020 20:30:24 GMT https://ttlc.intuit.com/community/taxes/discussion/trader-in-security-with-mtm/01/1580098#M563104 kets_traders 2020-05-10T20:30:24Z https://ttlc.intuit.com/community/taxes/discussion/re-trader-in-security-with-mtm/01/1580192#M563127 <P>Since you are MTM, there is no carry forward of losses.</P><P>If you are referring to $50,000 of Investor losses on Schedule D, you can't apply those to Professional Trader Income, only to the upcoming Schedule D.</P><P>Based on your question, it sounds like you are not reporting your Professional Trader activity correctly.</P> Sun, 10 May 2020 21:38:33 GMT https://ttlc.intuit.com/community/taxes/discussion/re-trader-in-security-with-mtm/01/1580192#M563127 fanfare 2020-05-10T21:38:33Z https://ttlc.intuit.com/community/taxes/discussion/re-trader-in-security-with-mtm/01/1580335#M563157 <P>Thanks for reply.</P><P>I am using 4797 for reporting my trades past 5 years.</P><P>As I have the side jobs as well I have W2 as well.</P> Sun, 10 May 2020 23:09:46 GMT https://ttlc.intuit.com/community/taxes/discussion/re-trader-in-security-with-mtm/01/1580335#M563157 kets_traders 2020-05-10T23:09:46Z