The most recent content from our members.
If I have more than 3,000 capital loss carry over from the previous year, plus I have few more thousands this year, how much can I use against the capital gain ordinary income?
Loss from Schedule D (540), line 11, stated as a positive number. (-1 on form. As a result changing this to a positive number and removing negative nubmer) 1 Amount from Form 540, line 17. 130,000 Amount from Form 540, line 18. 5,000 Subtract line 3 from line 2.If less than zero, enter as a negative amount. 125000 Combine…
It looks like you're new here. Sign in or register to get started.