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Can individuals carryback capital losses?

In: Taxes and Tax Preparation, Income Taxes [Edit categories]

Answer:

No a ordinary individual taxpayer can not carry back a capital loss for the sale of assets using the 1040 federal income tax return.

First answer by Mebrg. Last edit by Mebrg. Contributor trust: 32 Question popularity: 1 [recommend question].

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If you are talking about a Long Term Capital Gain dividend from a mutual fund, the answer is yes.