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?
01879
1 Replies
taxnano
New Member
Oct 30, 2019 2:24:03 PM
That is because capital gains/losses inclusion and deduction rate is 50%.