Capital gains with 2 addresses

Forum|Forum|3 years ago
February 20, 2023
1 reply
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My primary address, where reside, for my federal tax return is abroad in Korea.
I have large capital gains for one account (Fidelity). It’s a USA account, but the address is not in any state.

I have another account (Blockfi) with big losses. Unfortunately I neglected to change my address on the Blockfi account, which says California.

My question is, for my Federal return, can I use the losses from my Blockfi account listed in California to offset the capital gains for my Fidelity account with my proper USA address listed?

HopeS

If you a US resident living in Korea you should file your personal return Form 1040 and report both the Capital Gains and Losses from your investments (Fidelity and BlockFi).

Your capital gains for the year minus the capital losses result in a net gain or a net loss. Any capital loss you couldn't deduct this year can be carried forward and deducted on future tax returns.

Please see the link below for additional helpful information:

How to Enter capital gain or loss

@jeffrey11_2 mellman

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