Not exact matches
One
year I went
over the limit by just a few dollars because the college paid a small stipend when I developed an online course; the penalty for that was
loss of an
entire month's SS benefit, right at Christmastime when I really needed the money.
One thing that is also worth mentioning was the
loss of 2 O lineman that seemed to throw the OL off the
entire year... moving La'el
over to the right and living through that learning curve.
If you follow the instructions for this worksheet carefully, you should find that the
entire $ 2,000 capital
loss carries
over to the following
year — even though the
loss appeared on line 13 of the tax return and was combined with the income of $ 500 as part of the tax calculation.