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D
dpogosyan
March 14, 2020
Question

I had (stock, MF, Bonds) inv. loss of $3,500 in 2019.& also still have Cap Loss Carryover from '16 of $15k.Can I deduct $6,500 ($3.5k current & $3k from loss carryover)

  • March 14, 2020
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A
AnnetteB6
March 14, 2020

No, you will be limited to only deducting $3000 in capital losses.  The extra $500 loss from 2019 will be added to your carryover amount to be used in a future tax year.  

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