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April 7, 2023
Question

I have short term capital loss that turbotax is not applying to passive income. The law says that's not right. How dfo I fix this?

  • April 7, 2023
  • 1 reply
  • 0 views
I am using home and business 2022.  I did not have this problem last year. How do I correct this?

1 reply

JohnB5677
April 10, 2023

Capital losses cannot offset Passive gains.

 

As a general rule, capital losses cannot offset passive gains. However, if you sell your position in the business or activity altogether, you can get a one-time capital gains deduction.

 

 

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