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M
mar_gopal
June 1, 2019
Question

I have around 4K short capital loss but it is not deducting default max 3K for 2018. can you please help me?

  • June 1, 2019
  • 1 reply
  • 0 views
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1 reply

S
SweetieJean
Employee
June 1, 2019

First, you must offset any other short-term capital gains. If you still have short-term capital losses, you can then use the excess to offset long-term capital gains. Only after you’ve offset all of your other capital gains, can you use any of your short-term capital losses to offset ordinary income.

Did you have a carryover from 2017?

M
mar_gopalAuthor
June 1, 2019
No. it is not caryover from 2017.. all these loses are related to 2018
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