Hello DL62
Thank You for reaching out.
Before you are taxed on your current year net capital gains, you are allowed to offset any carried forward losses to the extent of net gains; if you are still left with capital losses, you can claim another 3K capital loss against your other income as you have done in previous years.
If you have been using TurboTax to do your taxes, the program will automatically offset carried forward losses to the full allowed extent and further allow you 3K deduction, if any losses are left. If your all losses are wiped out then you will end up paying capital gains tax on the remaining capital gains.
Hope this answers your question,
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