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Mysunsai t1_jaafdji wrote

Reply to comment by _Nothing_Left_ in Deducting Losses from Sale of ISOs (USA) by _Nothing_Left_

In that case, your sale just results in capital losses now, unrelated to your previous taxes. If you end the year with a net capital loss, up to $3k of that reduces your other taxable income, and the rest carries forward to future years.

Your previous taxes occurred in the past, and are no longer important to anything that goes on now.

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_Nothing_Left_ OP t1_jae5zve wrote

Thanks for your responses and being patient with me. I appreciate it.

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