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April 11, 2022
Question

If my FED Capital Gains and Losses was $20,304, and my 2020 Capital Loss Carryover was <-$53,387>, why is my WI Cap G

  • April 11, 2022
  • 1 reply
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2020 Info Details: Net ST Cap G/L=$6020, Net LT Cap G/L <-$62,407>, Allow Loss $3k, Income before exemptions $75,208, Net AMT ST Cap G/L $3620, Net AMT LT Cap G/L <-$67,784>, AMT Allow Loss <-$3K>, AMT taxable income $100313.  2020 Cap Loss carryover <-$53,387>, 2021 Cap Loss $20,304, LT Cap Loss carryover carried forward to 2022 <-$33,083>

1 reply

JohnB5677
April 12, 2022

I'm not sure what question you have here.

 

2020 ST Gain     6020

2020 LT Loss      -62407

Allowed loss      3000

Carryover           6020+3000-62407 =  - 53387

 

Are you saying the carryover amount is wrong?

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