Hal_Al
Level 15

Get your taxes done using TurboTax

Yes, but it's because your  income is reduce to zero by you standard deduction ($6100), not combination of your personal exemption and standard deduction (all together $10,150)

 

You don't need to go thru the exercise of preparing a tax return. The entire $3500 is carried forward. But, you should prepare some documentation, such as the calculations above