Can Schedule A Losses be offset against a Capital Gain?

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1012752

2026-03-02 14:50

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Schedule A itemized deductions losses of the 1040 tax form would be entered on page 2 line 40a of the 1040 tax form.

They losses would not have anything to do with the offsetting of capital gain and loss on the schedule D of the 1040 tax form.

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