Lost a lot of money this year, is sceh D forward loss the way to go?
Ok I make around 60k a year.
I lost around 26k in the stock market
Can i write all that off?
I heard that with a schedule D forward loss I can claim is 3,000 of that loss. Is that true and is that repeatable? Or can i just file all of the 26k loss?
I just looking for some opinions, not lookiong for anyone to get mad or to tell me to get a tax guy. I have my sister doing it, who does audits of companies and all taxes. i just want to do as much leg work as possible and make sure I have my ducks in a row for when I drop this on her.
I hope you guys can give me some ideas if i am on the right track here, Any help is welcome, and any discussion is also welcome.
Thanks guys
