This year I have big capital loss. I remember there is tax form I can use to offset previous 3 yearsâ capital gains. Does anyone know what tax form it is? I am not a professional trader. Thank you very much.
Sch D http://www.investopedia.com/terms/s/scheduled.asp as far as i remember...you can't offset previous years gains.. find some old tax cut soft and play with it.or spend like 30$ on new one..most of your tax questions will be answered.way cheaper than consultation with a "pro"
You can use either form 1040X or 1045. You generally get a response (and refund) to 1045 quicker but you should know that any time you apply for a refund from an earlier year that triggers an automatic exam on that years return. If there is something in that return that you want to stay buried don't file for a return. Otherwise, you're good to go.