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I had a sizable loss in the previous years. How can I deduct

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from this years gain?...
I had a sizable loss in the previous years. How can I deduct from this years gain?
Submitted: 7 months ago.Category: Tax
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Answered in 12 minutes by:
4/18/2017
Tax Professional: Brian Michels, Certified Public Accountant (CPA) replied 7 months ago
Brian Michels
Brian Michels, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 162
Experience: Partner at Michels & Hanley CPAs, LLP
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Hello. My name is ***** ***** I'll be the Expert assisting you today. I look forward to helping you with your issue. What do the losses relate to? Capital gains or, passive activity losses or loss in excess of basis that was disallowed and carried forward? Did you complete a Form 6198 or Form 8582 in 2015 that has figures from the disallowed losses?

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