I have a significant capital loss carryforward from previous tax years. In 2019, I sold a rental property. It seems as though the capital loss carryforward from 2017 is significantly reducing my tax bill and getting me a larger return than expected. This is a surprise to me. I thought that I would only be able to use $3000 of the capital loss carryforward from previous years to help in tax year 2019. Any ideas if this is okay?
