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June 6, 2019
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Can i write off a $20k long term loss against a $20k long term gain from 2018?

  • June 6, 2019
  • 2 replies
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has anything changed for 2018 which would affect this?

Best answer by TomYoung

No, nothing has changed in the area of capital gains and losses.  Long term losses are still netted against long term gains.

Tom Young

2 replies

TomYoungAnswer
Employee
June 6, 2019

No, nothing has changed in the area of capital gains and losses.  Long term losses are still netted against long term gains.

Tom Young

June 6, 2019

gains and losses are netted each year.  then net losses can only be carried forward.  one exception deals with capital losses from regulated futures contracts.