The capital loss from 2022 can be applied to capital gains in 2023 and an additional $3,000. I suggest you look on your Form 1040 on line 7 where your net capital gain income or loss would appear. It could not be less than a $3,000 loss. Unless you had $50,000 or so in capital gains in 2023, your total capital loss carryover was not deducted in 2023. Look on your Form 1040 and see if all items of income you entered are reported properly there. Your deductions would typically be the standard or itemized deduction reported on line 12. After you pay for your TurboTax program you can look on your schedule D and you will see the capital loss carryover from 2022 on line 6 or 14 and you can look at the rest of the schedule to see how your capital gains and losses in 2023 are handled.
To view your form 1040 and schedule 1 to 3:
- Choose Tax Tools from your left menu bar in TurboTax Online
- Choose Tools
- Choose View Tax Summary
- See the Preview my 1040 option in the left menu bar and click on it
- Choose the Back option in the left menu bar when you are done
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