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New Member
posted Mar 15, 2020 10:49:39 PM

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.

0 2 359
2 Replies
Not applicable
Mar 15, 2020 10:52:30 PM

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
Mar 15, 2020 11:06:47 PM

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