topic CanIoffseta2017$30kcapital gainAGAINSTa2015scheduleC $20kbusinesslossplusa2016scheduleCbusiness$30k loss? in Get your taxes done using TurboTax

CanIoffseta2017$30kcapital gainAGAINSTa2015scheduleC $20kbusinesslossplusa2016scheduleCbusiness$30k loss?

earl-kitover — Sat, 01 Jun 2019 15:18:40 GMT

Can I offset a 2017 $30k stock sale capital gain AGAINST a 2015 schedule C $20k business loss plus a 2016 schedule C business$30k loss? And if so in what form do I do it?

No, you can't. Stock sales are reported on Schedule D. B...

CherylW — Sat, 01 Jun 2019 15:18:42 GMT

No, you can't.

Stock sales are reported on Schedule D. Business losses are reported on Schedule C.

You can't take one loss off against the other. Your Schedule D loss will carryforward, to be used only by future capital transactions.

thx very much for your help!!!!!

earl-kitover — Sat, 01 Jun 2019 15:18:45 GMT

thx very much for your help!!!!!