@VolvoGirl @fanfare @Mike9241
Hello and thank you tremendously. i think i'm getting closer to understanding. i took what you all said and found out each line for each year. does this look about right? note my original big loss many years ago was short term, not long term.
based on the below: in 2019 i had a carryover of 11K, but nothing to offset it so only 3k was used against ordinary income. in 2020, i had 8K left, then again had a small mount to offset. In 2021, LINE 16 means i had a gain of 12.3K right? and then line 21 shows that i exhausted the 5K i had left (line 6).
am i getting it right?
2019:
Line 6: (11,381)
Line 14: 0
Line 16: -11,381
Line 21: 3000
2020:
Line 6: (8,381)
Line 14: 0
Line 16: -8472
Line 21: 3000
2021:
Line 6: (5472)
Line 14: 0
Line 16: 12327
Line 21: 0
