Why is capital loss not reducing my taxes?

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Why is capital loss not reducing my taxes?

You're asking from Self-Employment version; Capital losses will not reduce Self Employment tax. Look at Page 2 of a Form 1040. Any of the taxes listed as 'other taxes' are not reduced by capital losses (or other deductions) ...

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Why is capital loss not reducing my taxes?

You're asking from Self-Employment version; Capital losses will not reduce Self Employment tax. Look at Page 2 of a Form 1040. Any of the taxes listed as 'other taxes' are not reduced by capital losses (or other deductions) ...