Wood8
Returning Member

How to claim loss carryover quicker?

I have 30K capital loss in 2019 tax return which I believe turning to 2020 carryover. 

 

I was told that I can only use 3K of 30K carryover in 2020 return, is this true? 

 

If this is true, does this mean I will need 10 year return to use up all my loss carryover? 

 

Is there a way I can claim 30K loss quicker rather than 10-year span? 

 

Your help is greatly appreciated.