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coco1
Employee
June 1, 2019
Question

I have a question about a short term capital loss. If someone has S/T loss of $4000 in 2016. Can the person carryover $1000 to the 2017 tax year?

  • June 1, 2019
  • 1 reply
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    1 reply

    Critter
    Critter
    Employee
    June 1, 2019

    Yes ... not only can you but you must carry it forward .... The Sch D will net ALL gains against losses then if you have more losses than gains  you can only take $3000 loss against ordinary income per tax year ... any more MUST be carried forward. 

    VolvoGirl
    VolvoGirl
    Employee
    June 1, 2019
    Be sure to enter all the amounts.  The program will carry over any excess loss you can't use.  Is the 4,000 loss the total for all your investments in 2016 or for just 1 sale?
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