martinreffsin24
Level 1
‎12-02-2021 03:15 PM

LINE 231 OF SCHEDULE LIMITING CAPITAL DEDUCTION OF $2,OOO,OOO TO $3,000?

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qbteachmt
Level 15
‎12-02-2021 03:27 PM

We're going to need (a bigger boat, or) more details, but please, not as many CAPITAL letters.

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abctax55
Level 15
‎12-02-2021 05:24 PM

None of my schedules HAVE 231 lines....

But in general, yes, capital losses are limited to $3K/year (in addition to any cap gain offset...)

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