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You cannot carryback on a personal tax return.

Investment losses (generally on stock) are able to be carried forward, used against the same type of gains in future years, and up to 3K a year against ordinary income each year on your 1040. On a corporate, (form 1120) it is done on line 29a

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17y ago

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Related Questions

Can individuals carryback capital losses?

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


How do you attach statements to your IRS return?

By stapling the attachments to the back of the income tax form.


How much income tax should you get back making 4000 dollars?

How much income tax you get back will all depend on your filing status and deductions. Take your tax information to a tax preparer who can go through your return to help you maximize your return.


Can you claim your tax back?

You can file an income tax return and if you have overpaid tax for the year then yes you will get the overpaid amount back.


In the state of Florida how much do you get back on taxes for a minor child?

When you do not have any qualifying earned income you do NOT get any income tax return refund.


How much of your federal taxes do you get back?

You do not have any way of knowing this until you complete your 1040 federal income tax return correctly and completely down to the last lines on your income tax return it say amount of refund.


What is the penalty for not signing an income tax return?

The IRS will just mail it back to you (or mail you a substitute form) and ask you to sign and send it back to them.


What is another way of saying return?

There are many words that mean the same as return, but it depends on the context of the words as to which synonym will make sense. Here are a few of the definitions of return and some synonyms for each: Return as in 'coming again': * Recoil * Rebound * Coming * Homecoming * Reappearance * Reinstatement Return as in 'give back': * Bestow * Carry back * Convey * Give * Hand back * Pay back * Re-establish * Rebate * Refund * Reimburse * Remit * Replace * Roll back * Take back * Toss back Return as in 'go back': * Back up * Bounce back * Circle about * Come again * Double back * Go again * Move back * Re-enter * Reappear * Rebound * Recoil * Recur * Reoccur * Repair * Repeat * Revisit * Revert * Turn back Return as in 'earnings': * Gain * Benefit * Reimbursement * Yield * Income * Interest * Proceeds * Profits Return as in 'answer': * Antiphon * Come back * Reply * Respond * Retort * Riposte * Come in * Come to Return as in 'summary': * Account * Form * List * Record * Report * Statement Return as in 'return on a keyboard': * Enter key * Carriage return


Does neutral carry current in an electrical circuit?

No, neutral does not carry current in an electrical circuit. It is used as a return path for current to flow back to the source.


These carry deoxygenated blood to the heart?

Veins... they return the 'used' blood back to the heart (via the lungs).


If you are single and only made 20.000 this year will you get any taxes back?

You will know NOT know the correct amounts until you complete your 1040 federal income tax return correctly. your filing status, your age and how you made your gross amount of all worldwide income amount and all of your information that is required for you to enter it correctly on each line of your 1040 income tax return and this will all be a part of the necessary information that you know and will have to enter on your income tax return correctly to arrive at the correct answer of how much you might possible get back as a REFUND AMOUNT. If it is qualifying earned income and you are not a dependent on another taxpayer's income tax you return. IF you meet the qualifications for the earned income tax credit and the making work pay tax credit for the tax year 2009 you WILL NOT KNOW the amounts until you have completed your 1040 federal income tax return correctly.


If you made in between 4000 to 5000 how much should you get back on your income taxes?

You will know NOT know the correct amounts until you complete your 1040 federal income tax return correctly. your filing status, your age and how you made this 4000 to 5000 amount and all of your information that is required correctly on each line of your 1040 income tax return will all be a part of the necessary information that you know and will have enter on your income tax return correctly to arrive at the correct answer of how much you might possible get back as a REFUND AMOUNT. If it is qualifying earned income and you are not a dependent on another taxpayers income tax you return. IF you meet the qualifications for the earned income tax credit and the making work pay tax credit for the tax year 2009 you WILL NOT KNOW the amounts until you have completed your 1040 federal income tax return correctly.