I'm confused. I could not follow that. So in 2022 you had $77K in GAINS? But you had a -3,000 loss on 1040 line 7? How much total loss did you have? Did you have a carryover from 2021? If 25,000 carried over to 2023 you must have had total loss for 2022 as 77K+3K+25K = $105,000? Look at your 2022 Schedule D.
Yes any loss you have for 2023 or that carried over from 2022 will apply to your short term gains.
Schedule D doesn't actually show the carryover amount. To find your Capital Loss Carryover amount you need to look at your return schedule D page 2. Line 16 will be your total loss and line 21 should be a max loss of 3,000. The difference between line 16 and 21 is the carryover loss for next year.
There is also a Carryover Worksheet showing the carryover from the prior year and the current amounts. Then there is also the Capital Loss Carry Forward worksheet showing the amount transferring over to next year.
In the Online version you have to save your return with all the worksheet as a pdf file to your computer to see the Capital Loss Carry Over and Carry Forward worksheets.
In the Desktop program you can go to Forms and find it in the list in the left column.
But if you have a negative AGI or negative taxable income it will show up on 1040 BUT it won't reduce the carryover to the next year.
