Yep. You first offset the loss against any gains you have each year so that can use more of it up. Then after applying the loss to the current gains you can only take a max loss of 3,000 (1,500 MFS)per year.
There is 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.
