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.
02359
2 Replies
Anonymous
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
lksiet16
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?