Tax Planning: Carryovers, Timing, and Refund Claims

Free IRS Enrolled Agent SEE Part 1 (Individuals) lesson in Advising the Individual Taxpayer. 18 min read, ~2,700 words.

Capital loss carryover: deducts up to \$3,000 ordinary per year (\$1,500 MFS), unused carries indefinitely, ST/LT character preserved. NOL post-2017: forward only, indefinite, capped at 80% of taxable income before the NOL. Estimated tax safe harbor: lesser of 90% current or 100% prior tax (110% if prior AGI \$150,000). Refund...

What this lesson covers

• Content
• Example 1
• Example 2
• Common Mistakes
• Key Takeaways
• Exam Shortcuts

Learning objectives

• 1

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