Yes. The loss has to be reported in the year it occurred. In order to carry a loss that occurred in 2021 forward to 2022 or beyond, it must be reported on your 2021 tax return. Capital losses that exceed capital gains in a year may be used to offset ordinary taxable income up to $3,000 in any one tax year. Net capital losses in excess of $3,000 can be carried forward indefinitely until the amount is exhausted.
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