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posted Apr 22, 2025 7:58:04 PM

previous years' losses

I sold a small business Class A shares last 2022 for $1. The original price was $7500. How can I claim this loss this 2024 filing?

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1 Replies
Moderator
Apr 24, 2025 10:43:23 AM

If you made this sale in 2022, then you would have to enter it on your 2022 return. This TurboTax FAQ tells you how you can do that using ReFile: I've filed my tax return. Can I still make changes?

 

Then you can carry forward any unused loss to 2024.