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Hung_queue
Returning Member

Can I still deduct stock sell loss in 2018?

Hi,

 

I sold some stock in 2018 and incurred loss larger than the allowable claim amount of $1500, can I still claim the carry over loss? I don't see that option in Turbo Tax 2021 Premier version

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2 Replies
JohnB5677
Expert Alumni

Can I still deduct stock sell loss in 2018?

If you had a carryover loss in 2018 it should be reported on the 2018 tax return.  You would have to amend and file 2019 - 2020 to see the effect each year.  If there is anything left over it can be applied to 2021.

 

Just as a point of clarification.  The allowable Capital Loss is $3.000 per year.

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Hung_queue
Returning Member

Can I still deduct stock sell loss in 2018?

Thanks.

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