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JST4
Level 2

how do i find the question i asked earlier today regarding annualized income method? it doesn't appear when i search for that topic

So to be clear, even though the bulk of my capital gains came in December of  2024, and they exceed the amount of the capital loss carryover, I can put the entire amount of the carryover in the January-March period?

I need to change my entries, so before I do that I want to make absolutely sure I am understanding you.

Thanking you in advance.

 

DianeW777
Expert Alumni

how do i find the question i asked earlier today regarding annualized income method? it doesn't appear when i search for that topic

Yes, that is correct. You are entitled to the capital loss carryover beginning January 1, of the tax year from a prior year carryover. You can follow the steps provided by our awesome tax expert @KeshaH.

 

You're welcome.

@JST4 

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JST4
Level 2

how do i find the question i asked earlier today regarding annualized income method? it doesn't appear when i search for that topic

Thanks, I was confused by the way Keisha's last few sentences, so I took the conservative route and applied it in the 4th quarter.  Oh well.  Too late now. I filed.

 

thanks for the comments.

janet

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