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Level 1
posted Mar 23, 2021 1:08:09 PM

worthless securities claim

For a long term worthless securities deduction or claim, how does the excess carry over to the next income tax year? Does it automatic show on my TurboTax for 2021?

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1 Replies
Employee Tax Expert
Mar 23, 2021 2:00:24 PM

Yes, your Capital Loss Carryover will automatically populate in your 2021 return.

 

Click this link for more info on Capital Loss Carryover.