Capital Gains and Losses
Capital gains and losses are the gains and losses that you realize by selling stocks, bonds, and mutual funds.

You may also realize capital gains by owning (but not selling) mutual fund shares, because the mutual fund may realize capital gains as a result of its trading activities. These gains are passed through to shareholders and are reported on Form 1099-DIV as long-term capital gain distributions.

Don't forget to include any capital loss carryovers from your 2001 return. You might have these if you had capital losses in 2001 that exceeded $3,000 ($1,500 if you were married filing a separate return). Check your Capital Loss Carryover Worksheet, found in the 2001 IRS Schedule D instructions.

If you have a net capital loss for 2002, this calculator will automatically limit it to $3,000 ($1,500 if married filing a separate return).