topic Can loss harvest tax for Capital Losses on stocks this year to offset Capital Gains from last year? in Investors & landlords

Can loss harvest tax for Capital Losses on stocks this year to offset Capital Gains from last year?

mayanksingh101 — Tue, 10 Mar 2026 07:16:44 GMT

I have capital gains from selling stocks in 2021, but I have capital losses from stocks in 2022. Can I offset the gains from last year for tax purposes in current year?

Re: Can loss harvest tax for Capital Losses on stocks this year to offset Capital Gains from last year?

Bsch4477 — Fri, 23 Dec 2022 00:28:49 GMT

No. You can only offset gains from 2021 with losses from 2021 or from carry over losses from previous years.

Re: Can loss harvest tax for Capital Losses on stocks this year to offset Capital Gains from last year?

mayanksingh101 — Fri, 23 Dec 2022 07:54:37 GMT

Thank you.

Re: Can loss harvest tax for Capital Losses on stocks this year to offset Capital Gains from last year?

fanfare — Fri, 23 Dec 2022 19:40:47 GMT

your realized losses this year can be deducted up to $3,000.

Depending on how you look at it, that offsets gains in 2021, up to $3,000.

@mayanksingh101

Re: Can loss harvest tax for Capital Losses on stocks this year to offset Capital Gains from last year?

mayanksingh101 — Fri, 30 Dec 2022 21:05:16 GMT

Thank you @fanfare.

So I can use the realized losses to reduce my taxable income (AGI) for 2022, right?

Although it doesn't offset the Capital gains from 2021, if I were to look at my total income (Salary+Capital Gains) for last two years, the realized losses from 2022 help offset the taxable income for the overall time period. Let me know whether I'm understanding this correctly?

Re: Can loss harvest tax for Capital Losses on stocks this year to offset Capital Gains from last year?

fanfare — Fri, 30 Dec 2022 22:01:37 GMT

You need to peruse Schedule D to conceptualize the rules for capital gains and losses.

yu can get the form at IRS.gov.