Question

Can I still deduct stock sell loss in 2018?

Forum|Forum|4 years ago
April 18, 2022
1 reply
0 views

Hi,

I sold some stock in 2018 and incurred loss larger than the allowable claim amount of $1500, can I still claim the carry over loss? I don't see that option in Turbo Tax 2021 Premier version

JohnB5677

If you had a carryover loss in 2018 it should be reported on the 2018 tax return. You would have to amend and file 2019 - 2020 to see the effect each year. If there is anything left over it can be applied to 2021.

Just as a point of clarification. The allowable Capital Loss is $3.000 per year.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"