Your loss for this year cannot be more than your profits this year. Any excess gets carried over and if you don't have profits in future years, only $3000 per year can be used against other/ordinary income. I'm not a tax expert however.
30 calendar days from sale and $3,000 carry forward. Turbo tax will do it all for you! Old advice, but never get emotionally attached to an investment. All of us feel like selling when we get this type of Black Swan event. Key is to re-evaluate. Question becomes if you liked the stock at $2 should you like it more at 40 cents? I cashed out my April puts hedge and bought some additional shares this morning based upon the premise of better news from the unblended data and the need to now partner. Hope we all get our money back.
Market Data 
Markets 
AI
