topic As NRA paid 30% Capital gains tax last year.This year made losses but tax rate is lower than 30% i paid for gains last year.Is there way can deduct 30% of capital losses? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/as-nra-paid-30-capital-gains-tax-last-year-this-year-made-losses-but-tax-rate-is-lower-than-30-i/01/211266#M8175 as per rules I can deduct 3000 of losses from my income, but the effective tax rate that would apply would be much lesser than 30% I paid on my gains last year. Sat, 01 Jun 2019 18:11:51 GMT tinahongbu 2019-06-01T18:11:51Z As NRA paid 30% Capital gains tax last year.This year made losses but tax rate is lower than 30% i paid for gains last year.Is there way can deduct 30% of capital losses? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/as-nra-paid-30-capital-gains-tax-last-year-this-year-made-losses-but-tax-rate-is-lower-than-30-i/01/211266#M8175 as per rules I can deduct 3000 of losses from my income, but the effective tax rate that would apply would be much lesser than 30% I paid on my gains last year. Sat, 01 Jun 2019 18:11:51 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/as-nra-paid-30-capital-gains-tax-last-year-this-year-made-losses-but-tax-rate-is-lower-than-30-i/01/211266#M8175 tinahongbu 2019-06-01T18:11:51Z No, you have to take capital gains or losses in the year... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/no-you-have-to-take-capital-gains-or-losses-in-the-year/01/211272#M8176 <P>No, you have to take capital gains or losses in the year for which they occurred, or use carryovers as required.<BR /></P> Sat, 01 Jun 2019 18:11:52 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/no-you-have-to-take-capital-gains-or-losses-in-the-year/01/211272#M8176 Zbucklyo 2019-06-01T18:11:52Z