In my TurboTax session filing 2023 taxes I'm seeing the following values in regards to the capital loss:
| Capital loss carryover from 2022 | -$10,918.00 |
| All capital losses used in 2023 | $10,918.00 |
| Remaining losses carried forward to 2024 | $0.00 |
My understanding is: given I'm filing jointly I may reduce my 2023 income by $3,000 max, and then 10,918-3,000 = $7,918 of losses would be carried to the year of 2024.
Questions:
1. Why does the 2nd row "All capital losses used in 2023" show I used $10,918 of the capital losses in 2023 if the max possible is 3,000 ?
2. Why did remaining losses carry forward to 2024 as $0.00 instead of 10,918-3000 = $7,918 ?
