QB Issue Resolution:
Well, you might be a little disappointed, since you are going to come up a little short of the $200K. You get to use $3000 this year and the remaining $197,000 will carryover to next year.
Resolution for Issue 'For 2016, I have a longterm capital loss of ~$200k. Will this flow to line 13 of my 1040 and count against my ordinary income? Thanks' available: Yes (Solved).
Source: Intuit Community forum.
For 2016, I have a longterm capital loss of ~$200k. Will this flow to line 13 of my 1040 and count against my ordinary income? Thanks: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for capital loss
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Error Recovery for capital loss [Canada]
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