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Question
Why isn't the capital loss limited to $3,000 on Form 5227, Page 1, Part I, Section B?
Answer
The $3,000 is an income tax loss limitation. Because Form 5227 is an Information Return, this tax limitation is not applicable. The full capital loss prints on Form 5227, Page 1, Part I, Section B.
Related topic: 1041-US: Form 5227 FAQs
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