I have short-term capital losses from stock sales in 2025. I also have Section 1250 depreciation recapture that exceeds the capital loss. On Schedule D Form 1040 of my federal return, the loss has reduced my total Section 1250 capital gain and reported the net gain. However, on my New Jersey summary, the loss is not…
My schedule D line 16 was -60000 for 2022 and -5000 for 2023. This should mean I have a full -3000 to carry over for this 2024 (and many years to come), right? But it seems like for 2024 I'm only able to use the -2000 carry over from 2023. Is there something I'm missing?
I had a 25-year investment plan where i paid monthly premiums total amounting to $50k year to date, of that i withdrew $15k two years after commencing the premium payment which was the allowed withdrawable limit under the plan. The plan basically invested in 5 mutual funds and was managed by an investment management firm.…
I have - $3439 of realized loss in 2024. I know that the limit of capital loss per year is $3000. I want to fill it out for the year 2024 but the only option I found is "capital loss carryovers from 2023 to 2024", I don't want to carry it over. I don't understand. I want to report that I lost $3000 this year and would not…
hello! I am 23 years old and filing taxes. As I learn more, I am finding new things I had forgotten in the past. My father passed away in 2020 and I inherited his 401k plans, 401b, brokeragelinks (do not know what I am talking about here, just listing what is on fidelity.) I closed the accounts by the end of 2023 and…
I had Bitcoin and Ethereum on Celsius earning a yield when they went bankrupt. I have received 43% back in 2024, it is unclear if there will be additional repayments. Am I able to claim a loss on the remaining 57% of my crypto that I had in Celsius?
I don't see any place to enter a Long-Term Capital Loss from my 1099DIV. Links to Capital Gains/Losses do not work. Where do I enter a LT Capital Loss???
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