Share this content
0
2553

Will 3K in Capital Loss Offset 3.7K of Interest?

Answer this question about a carry-over capital loss claim.

Didn't find your answer?

Enter your keywords

I have a "carry-over" capital loss from previous years that's shown as -3K (line 13 on 1040 form). For 2018, I will be getting around 3.7K total on various 1099-int forms. For 2018, the EITC Investment Income Limit is $3,500. Does my "investment income" become 0.7K (3,700 - 3,000), allowing me to claim EITC still (given all other requirements for claiming EITC are met)?

Thanks for answering this question for me.

Replies (0)

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.

Share this content