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Turbotax using more than $3000 carryover losses to offset current year gain
Folks,
what am i missing, turbotax is using all the $10K of carryover losses to offset my current year capital gain rather than the allowed IRS limit of $3k. It does show the $10K as short term capital loss carryover but i dont know if IRS distinguishes between LT and ST carryover.
how do I proceed with this? thanks
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‎April 3, 2024
11:56 AM