Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Re: Can a loss of stock in 2019 use in 2020 for AmeriTrade
Can a loss of stock in 2019 use in 2020 for AmeriTrade
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
jerjev58
Level 3
05-05-2023
08:27 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Labels
3 Comments 3
ljr
Level 8
05-06-2023
10:00 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
not sure what you are asking? the loss should be on the 2019 return if that is where it originated and then you should have a capital loss carryover for any amount brought forward. this will offset against any 2020 gains.
jerjev58
Level 3
05-06-2023
12:43 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you very much. I did not do the client 2019, I am just about to do his 2020 tax return. So I am thinking his 2019 will need to be amended.
qbteachmt
Level 15
05-09-2023
11:43 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
"So I am thinking his 2019 will need to be amended."
You are wanting to use the excess of the loss. Once any loss is applied to 2019, there might be carry over, or excess loss to use in 2020. Did they not enter the data properly for 2019? Did they not include the carry over info for your needs? What needs to be amended in 2019 for purposes of 2020?
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
