2007-08-11 12:50:00 · 4 answers · asked by Dante 1 in Business & Finance ➔ Taxes ➔ United States
Your capital loss is $34,000 and that should show on your schedule D. However it is limited to $3,000 per year and the rest of the loss is carrief forward to the next year to offset gains, and that continues should you have loses in the next several years.
2007-08-11 12:56:40 · answer #1 · answered by Anonymous · 1⤊ 0⤋
2002? Running a little behind, are you?
You can only take $3000 of your net loss each year, so that's what you'd show on your 1040. The rest would be carried over to future years.
2007-08-12 14:32:37 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
You first fill out Schedule D, then the amounts flow to Form 1040, Page1
2007-08-13 03:52:56 · answer #3 · answered by bold4bs 4 · 0⤊ 0⤋
i would say hmmmmm..... go to mcdonalds
2007-08-11 12:54:03 · answer #4 · answered by Anonymous · 0⤊ 1⤋