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August 21, 2022
Question

Last yr I paid 50K capital gains tax. This yr I've 200K unrealized capital loss. If I realize some of this cap loss can I get some of last yr's paid cap gains tax back?

  • August 21, 2022
  • 1 reply
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1 reply

Critter-3
August 21, 2022

Short answer ... NO. What happens in 2022 cannot affect 2021. 

Hal_Al
Employee
August 21, 2022

Any  losses realized in 2022, and not used in 2022, will automatically carry forward to 2023 and beyond.  But, 2022 losses cannot be carried back.