Why did my net capital loss of $412 barely increas...
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

Why did my net capital loss of $412 barely increase my estimated refund? My return isn't complex. I only reported wage income, and cryptocurrency trades so far.

 
2 Replies
Anonymous
Not applicable

Why did my net capital loss of $412 barely increase my estimated refund? My return isn't complex. I only reported wage income, and cryptocurrency trades so far.

that $412 loss may only be worth $41 or less in additional refund.

 

 

we cant see your return so we don't know your exact situation 

New Member

Why did my net capital loss of $412 barely increase my estimated refund? My return isn't complex. I only reported wage income, and cryptocurrency trades so far.

Ok I misunderstood. A net capital loss decreases your taxable income directly but not taxes owed huh?

Dynamic Ads
v
Privacy Settings