Skip to main content
March 4, 2024
Question

How can I zero out a capital gains loss of less than $25 that’s carried over 3 years now? It forces me to TT Premium at $119!!!

  • March 4, 2024
  • 1 reply
  • 0 views
It seems ridiculous to double my filing fee over this nothingburger every year. Oh, I have NO taxable income. 😞

1 reply

March 4, 2024

Yes, if you have no taxable income, you are not required to file due to a small carryover loss.

 

Keep your last tax return showing the loss, in the event you ever do have taxable capital gain to apply it to.

 

Here's some IRS Free File options. 

 

@slcoppedge