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are you looking on lines 8 and 13 of the capital loss carry over worksheet??????
If your income is low enough then the capital loss is not reduced ... review the loss carryover worksheet to see how this is calculated. SO although you must enter the loss on your tax return the amount of the loss may not be reduced.
If you have a negative AGI or negative taxable income it will show up on 1040 BUT it won't reduce the carryover to the next year.
If you have a negative AGI or negative taxable income read Pub 550 page 66 and 67 on Figuring your Carryover. So even though it shows it on 1040 it doesn't reduce the carryover to the next year.
Yes, appreciate your answer I now understand and both Volvo Girl and Criter3 answered this for me....thank you all for responding and answering my question.
Thank you and the others, too, for answering my question!
Thank you for your answer, I understand now
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