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Can I carry over short-term losses to the next year even if my long-term gains are greater than the total losses in the current tax year?
I have a net long-term gain and a net short-term loss this tax year. By default, TurboTax will offset my short-term losses with my long-term gains. However, I will have short-term gains next year. Can I carry over the net short-term losses year after year, until all short-term losses are covered by the future short-term gains and the annual 3K income cap?
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March 18, 2024
9:34 PM