Trading loss tax credits
Feb 3, 2014 Q:I have 148 shares of Eastman Kodak stock, which is now worthless. How do I take the loss on my tax return? -- Peggy C.,… A tax loss carryforward (or carryover) is a provision that allows a taxpayer to carry over a tax loss to future years to offset a profit. The tax loss carryforward can be claimed by an individual To deduct your stock market losses, you have to fill out Form 8949 and Schedule D for your tax return. (Schedule D is a relatively simple form, and will allow you to see how much you'll save.