I ended up filing the standard forms because I got more $$$$$$$$.But I lost close to $700.00 last year in the market, Can I use that for this year?I used Tax Cut when I filed my taxes, one of the questions it asked me was if I had any carryover loses for the prior year.I did not.
I lost close to $700.00 last year in the market, Can I use that for this year?You can take the entier $700.00 as a capital loss (Complete Schedule D and continue to From 1040 line 13). If your losses were more than $3,000, you would carry the losses in excess of $3,000 to future tax years.DaveF
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