I'm a PhD student filing a tax return for 2018 on 1040NR (non-resident alien) - married filing separately. In 2018 - I had a considerable capital loss (there were no gains). when filling my tax return on Galcier (online software) - it seems like the loss did not offset any taxable income (my salary).
on line 14 on 1040NR ("Capital gain or (loss). Attach Schedule D (Form 1040) if required. If not required, check here") the software did not fill anything. In addition, the transactions (and the loss) are detailed by the software on SCHEDULE NEC ("Capital Gains and Losses From Sales or Exchanges of Property"), but I guess no schedule D?
My questions are:
are non-resident aliens allowed (for 2018) to offset taxable income with losses - meaning should my taxable income be lowered by the $1,500? Or, is it a change that was instituted this year that doesn't allow this for non-resident aliens? If I am allowed to offset income - how do i do that?
Are non-residents aliens allowed to carryover losses to later years? If so, how do I do it on my tax return?
If non-resident aliens are not allowed to carryover losses for later years - can we at least offset losses in a certain year with gains IN THE SAME YEAR (so are on the same tax return) - so if i have gains in a certain years, as well as losses, will they offset each other?
Thank you very much for any help!