My net cap loss on stocks sold in 2017 is $7,268.49. I'd like to apply this to 2016 but the net capital loss carryback only indicates $3,634.24. Why the difference?
My net cap loss on stocks sold in 2017 is $7,268.49. I'd like to apply this to 2016 but the net capital loss carryback only indicates $3,634.24. Why the difference?
My net cap loss on stocks sold in 2017 is $7,268.49. I'd like to apply this to 2016 but the net capital loss carryback only indicates $3,634.24. Why the difference?
That is because capital gains/losses inclusion and deduction rate is 50%.
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