Capital Loss Carry forward

Forum|Forum|6 years ago
February 19, 2020
1 reply
0 views

Where do I find capital gain loss carry over to 2020 tax? I see the calculations on schedule D but there is no clear line with amount of loss to be carried over!

JohnB5677

The Capital Loss Carryforward does not have a form number but can be found in your worksheets. It may be abbreviated to Cap Ls Carryfwd.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

M

mekawi44Author

Employee

Found it in the work sheet broken as LT & ST carry over to Y2020. Not sure what the difference is!

JohnB5677

LT refers to Long Term Capital Gains. ST is Short Term Capital Gain.

Long term Capital Gains are from stocks or assets that were held for more than a year. These gains get preferential tax treatment and are typically taxed at a lower rate.

Short Term Capital Gain is for items held less than one year. These gains are taxed at your highest marginal tax rate.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"