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If my Adjusted Gross Income is really low can I use my $3000 in Capital Losses in a later year?
My Adjusted Gross Income (AGI) is so low that my AGI is less than my Standard Deduction, even if I don't claim $3000 in Capital Losses. So my taxable income is zero, even if I don't claim my $3000 Capital loss.
QUESTION: Can I carryover the $3000 in Capital Losses to a later year when the $3000 loss would lower my taxes?
I used Turbotax in the past, but I am presently doing my 2021 taxes by hand. I am interested in getting a version of Turbotax (on CD) for 2021 to help assure me that I am doing my taxes correctly.
QUESTIONS: Is there a version of Turbotax I would need to help me: (1) not claim the $3000 Capital Loss if I don't need it? And (2) help calculate the correct with the Capital Loss Carryover if I don't use any of my Capital Losses in Tax Year 2021?
Thank you,
S.