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Why is 100% of LTCG carrying to 1040 rather than 50%?

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Level 1
 
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Level 15

The 50% (I thought it was 60%) subtraction for long-term capital gains expired MANY years ago.


ex-AllStar

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Level 15
Is this some special sitration - such as for 1202 stock?

ex-AllStar
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Level 15

The 50% (I thought it was 60%) subtraction for long-term capital gains expired MANY years ago.


ex-AllStar

View solution in original post

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Level 15
Agree the 50% expired long ago but the OP doesn't seem to be interested in understanding the current provisions.
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Still an AllStar
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Level 8

I suppose that when you wrote your question it made perfect sense to you.  However, to me there is not enough context to even vaguely understand what you are asking.

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Level 12
Apparently the OP disagrees with you (gave you a "no" vote), and seems to have no intention of giving any more information why he thinks only 50% of the gain should show up.
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