Hi alexgenova14!
You're on the right track! If you see $-2,499 on Schedule D, lines 16 and 21, you can confirm that you fully deducted those losses on your 2022 tax return by looking at Form 1040, line 7. You should see the same number on page 1 of the 1040, reducing your other income.
You are able to deduct capital losses up to $3,000 each year, so it sounds like you have received the full benefit of those losses on your 2022 tax return. You can confirm whether you have capital loss carryovers to 2023 by looking at the Federal Carryover Worksheet included with your 2022 tax return. If for some reason you weren't able to benefit from the 2022 losses, you would see the carryover amount listed on this worksheet.
Unless you see capital loss carryovers listed on the 2022 Worksheet, none of the $-2,499 can be used again for 2023.
Thanks for participating in today's Ask The Expert Event!
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
