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I still use Turbo Tax so they keep track of it for me...but I have an excel spreadsheet tracking my losses as well to double check their records.
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You do it as part of your tax return. If you use the same software from year to year the excess losses should be carried to the following year return. If you pay someone to do your taxes, they should do the carryover.
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TLH Over $3,000
If I harvest over $3,000 in losses through a vanguard taxable account and have no gains what happens to the extra harvested losses? How do they carry forward? Does vanguard remember for next years forms? Does the IRS? Do I?Tags: None
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