Enter a Capital Loss Carryover under
Federal Taxes or Personal (Home & Business)
Wages and Income
Then scroll down to Investment Income
Capital Loss Carryovers - Click the Start or Update button
You enter the full amount that carried over, not just the 3,000
The 3,000 is just the max loss you can claim each year AFTER offsetting any gains you have. So you might use more of it up in one year.
Look at your2022 tax return. Do you have all the backup worksheets?
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.
And 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.
There could be 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.
