Raj1
Level 4
04-07-2020
11:59 PM
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Thanks for a case study with specific amounts. But my question is independent of this but still provide the following amounts of my case.
Tax Year 2019
Single
W-2 $12,000
Bank Int $50
S/T Cap Loss $2,000
L/T Cap Loss $6,000
Total Cap Loss $8,000
So the point is without $3,000 cap loss allowed by the IRS, the person is non taxable and wants to carry forward to 2020 the entire cap loss of $8,000