Deleted
Joined: Nov 30, 2024 1:20:03 GMT -5
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Post by Deleted on Mar 2, 2013 13:14:30 GMT -5
hello..new here so hope i am doing things right..i have a few income tax questions and will start with one for today..don't want to overwhelm myself..lol! Last year i had a 9K capital loss which was all short term. For business reasons i did not need to use any of the loss so all I did was report it on schedule D and attach correct forms..needless to say i am trying to do my own taxes these days. So..how do i carry over this loss to this year's taxes and is a short term loss worth the same as a long term captial loss..these were traded stocks..and how long can i carry losses..short or long? thanks so much in advance..
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mwcpa
Senior Member
Joined: Jan 7, 2011 6:35:43 GMT -5
Posts: 2,425
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Post by mwcpa on Mar 2, 2013 20:24:21 GMT -5
You note the 6k carryover on the appropriate line of schedule d in the short term area. I do not have the line number handy, but it is on the top half with the short term data.
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Deleted
Joined: Nov 30, 2024 1:20:03 GMT -5
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Post by Deleted on Mar 4, 2013 12:38:13 GMT -5
thank you! I will do that..as hopefully I will need to take the loss sometime!
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