I have a question about my Stocks section. I was told that if I lose money in stocks that I can get refunded up to $3,000. Is that is the case with my situation?

airweathers — Sat, 01 Jun 2019 15:24:27 GMT

If you lost money on the sale of stock, you can receive a...

CarolynM — Sat, 01 Jun 2019 15:24:29 GMT

If you lost money on the sale of stock, you can receive a capital loss of up to $3,000 per year. Any additional loss will carry forward to the following years.

This is not a tax credit, it is a reduction in your taxable income.

Without access to your tax return, I cannot confirm if this was applied in your case.

To confirm:

Go to Tax Tools, see the bottom of the black column on the left

Tools

View Summary

Click 1040 Preview, again in the black column

Scroll to Schedule 1, line 13 to see your capital gains/losses

topic I have a question about my Stocks section. I was told that if I lose money in stocks that I can get refunded up to $3,000. Is that is the case with my situation? in Investors & landlords

I have a question about my Stocks section. I was told that if I lose money in stocks that I can get refunded up to $3,000. Is that is the case with my situation?

If you lost money on the sale of stock, you can receive a...