I must be an idiot, I thought I could sell a bunch of stock market losses to negate the tax hit from an unexpected bonus, but only $3k of tax losses were applied to my income and I have the rest of 2023 stock losses to roll over to next years.
If I have cap gains from stock market in 2024, can I apply the full losses (less the $3k claimed)from 2023 to my 2024 income?
Any other way to leverage previous years losses to offset income tax in current tax year?
original posted by UnobjectionableWok to r/personalfinance on Sun, 21 Apr 2024 15:44:43 GMT.