Question

i lost 7k on stocks and i got only 1000$ From capital loss where the other 2k from 3000 limit?

Forum|Forum|6 years ago
February 13, 2020
1 reply
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Deduction

Employee

Did you sell these in 2019 or is this a carryover from 2018? If it is from 2018 maybe you had some 2019 gains that used some of it up.

And on the income page The 2019 column shows the carryover to 2020 (not your current loss for 2019). Schedule D doesn't actually show the carryover amount. To find your Capital Loss Carryover amount you need to look at your return schedule D page 2. Line 16 will be your total loss and line 21 should be a max loss of 3,000. The difference between line 16 and 21 is the carryover loss for next year.

There is also a Carryover Worksheet showing the carryover from the prior year and the current amounts. Then there is also the Capital Loss Carry Forward worksheet showing the amount transferring over to next year.

S

Sa1wanAuthor

here is a screenshot of my return and that return include only 1k from my capital loss

It say carryover 4k for next year but I just get only 1k. where is the other 2k from my loss?

N

NCPERSON1

not sure where you see 2k or the 1k..$7629 minus $4629 is $3,000.

you had a capital loss of $7,000.

you are able to use $3,000 of that against ordinary losses

the remaining $4,000 is carried over to next year where you can use it against other capital gains. if you do not use it up, then another $3,000 can go against next year's ordinary losses.