@Jojo25012222 You posted…….”Hence the balance of $1,747 (2,543 - 787) net loss should be carryover to 2024 per freetaxusa”
2023 1040 line 7 is -1,747 is right. Why do you (or freetaxusa) think the net loss should be carried over to 2024? You got to use it all on your 2023 return. After you apply the Capital Loss Carryover -2,543 from 2022 to the 2023 gains +787 you have a net loss of $1,747 for 2023. The max loss you can deduct each year is 3,000 which you were under so it took it all.
You can't skip a year. Even if you don't report it on your return you have to reduce it by the 3,000 (1,500 MFS) when you carry it over to next year. You can't choose when to use it.
