capital loss: 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
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 'capital loss 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.
The capital loss 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 capital loss issue yourself by looking for a resolution described in the article. If it is a complex capital loss issue or you are unable to solve the issue, you may contact us by clicking here or by using other capital loss support options.
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