michaelindc t1_j6f0tdz wrote on January 29, 2023 at 9:53 PM Reply to prior year investment loss vs current year gain by Team_Tamales Yes. Furthermore, you can deduct $3K of the 2022 investment losses from your ordinary income on your 2022 return, and carry the remaining $17K in losses forward to 2023 and future years until you've deducted the entire $20K. Permalink 3
michaelindc OP t1_iy4t7x5 wrote on November 28, 2022 at 7:26 PM Reply to comment by Dcdcdcdcdc51 in Recommendation for Family Law Attorney? by michaelindc In DC, maybe MD. Thanks Permalink Parent 0
michaelindc t1_j6f0tdz wrote
Reply to prior year investment loss vs current year gain by Team_Tamales
Yes. Furthermore, you can deduct $3K of the 2022 investment losses from your ordinary income on your 2022 return, and carry the remaining $17K in losses forward to 2023 and future years until you've deducted the entire $20K.