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- I noticed that the capital loss carryforward is not restricting to 3K but instead allowing the full loss to be deducted? What is best way to fix?
I noticed that the capital loss carryforward is not restricting to 3K but instead allowing the full loss to be deducted? What is best way to fix?
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catbarner
Level 1
Sunday
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Calculation is allowing full loss carryforward of $36,105 from 2023 instead of restricting to just the 3K. Am I missing something?
2 Comments 2
TaxGuyBill
Level 15
Sunday
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Is it offsetting current-year capital gains?
If can offset gains, plus $3000.
Accountant-Man
Level 13
Sunday
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Annual loss usage is allowed to reduce gains to zero and then $3,000 loss per year. All the rest is carried over.
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