Capital Losses and how they affect your taxes.

Sometimes, things don't go all that well for investors and they are forced to dispose of their investments at a loss. But can you use that loss to offset other income? This video tells you when you can, and goes into the mechanics of claiming losses and carrying them forward, if needed.

Additional Resources and Information:

IRS Schedule D: "Capital Gains and Losses": https://www.irs.gov/pub/irs-pdf/f1040...

Instructions for Schedule D (Contains the Capital Loss Carryover Worksheet): https://www.irs.gov/pub/irs-pdf/i1040...

IRS Publication 550: "Investment Income and Expenses": https://www.irs.gov/pub/irs-pdf/p550.pdf

Investopedia: "Capital Losses and Tax": https://www.investopedia.com/articles...

NOTE: The 2022 Schedule D and Capital Loss Carryover Worksheets are graphical representations, and may differ from the forms the IRS will release late in 2022.

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Intro Music: "Bluesy Vibes" - Doug Maxwell - YouTube Audio Library

Outro Music: "Modern Attempt" - Track Tribe via YouTube Audio Library

DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or investment advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or investment professional.

The information in this video is current as of date of publication, and is subject to changes.