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March 31, 2020
Question

Why can I not put in a$3000 lose from previous years against ordinary income?

  • March 31, 2020
  • 1 reply
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1 reply

March 31, 2020

Are you carrying a capital loss carryover from your 2018 tax return?  This may be found on the 2018 Capital loss carryover worksheet.  See here, page D-12.

 

To report a capital loss carryover,

  • Click on Search/magnifying glass in the upper right hand corner of the screen.
  • Type ‘capital loss carryover’.
  • Click on ‘Jump to capital loss carryover’.
  • Enter the information from the previous year’s tax return.
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