I had a Net short-term capital loss of -$6,200 in 2022 (line item 7 and 16 on the 2022 Schedule D). I only used -$3,000 in line 21 of that same Schedule D in 2022 because that is the max you can put is -$3,000. In 2023, after my trades (just in 2023), my net loss was -$221. -$221 was entered for line items 7, 16 & 21 on the 2023 Schedule D. I should have accounted for the loss from the previous year as well but I forgot to do that.
My understanding is that you can claim a max net capital loss of -$3,000 a year, which I did in 2022, and that you can continue to claim those losses in future years (maxing at -$3,000 each year). For some reason, TurboTax didn't give me another $3,000 in 2023. I'm not entirely sure, but it might be because I used a different account for taxes in 2023 than I did in 20222 and the info didn't flow through from 2022 to 2023.
So I have 2 questions here.
1. Am I right that I can claim an additional -$3,000 loss after 2022 (since the total loss was -$6,200 and I have only claimed -$3,000 out of that so far)? Despite not claiming it in 2023, I should be able to still claim it in 2024, right?
2. If the above is right, how do I enter it in Turbo Tax since the online form is asking me to enter numbers solely based on the 2023 Schedule D (which doesn't properly account for the total 2022 net losses because the numbers didn't flow through)?
I imagine I'm not the only one with a question like this. Hopefully someone with some experience can help answer the questions.
Thanks a lot!
