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February 15, 2021
Question

My crypto loss is $11k, after I entered the details, my refund only went up by $500 and the carryover loss is $8k. Shouldn't my refund be a lot higher than just $500?

  • February 15, 2021
  • 1 reply
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1 reply

February 20, 2021

Your net capital loss on investments is limited to $3,000 per year. So, you probably weren't able to deduct the full $8,000 this year, and that is why you have a carryover to next year and your refund is lower than you expected.

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