slsp
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Thanks. So to eli5, if you don't have any 1256 gains in the past, there is no way to carryback 1256 losses, right?
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Can someone confirm this please -1256 losses can only be offset against previous 1256 gains?Is there a way to offset it against regular capital gains? TIA
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- Cheered Re: Question: What does "Section 1256 contract net losses can be carried back three years" mean? for DawnC. March 18, 2023 10:40 PM
- Posted Re: Question: What does "Section 1256 contract net losses can be carried back three years" mean? on Get your taxes done using TurboTax. March 18, 2023 10:39 PM
- Posted Re: Question: What does "Section 1256 contract net losses can be carried back three years" mean? on Get your taxes done using TurboTax. March 18, 2023 2:11 PM