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Get your taxes done using TurboTax
Sorry you have to apply the whole Capital Loss Carryover to your current gains. Then if you still have a loss you can deduct 3,000 against your other income.
But If you have a negative AGI or negative taxable income a loss will show up on 1040 BUT it won't reduce the carryover to the next year.
‎November 23, 2024
5:55 PM