@Shopper08 wrote:
....losses will have to be used either on the tax year they were realized or carry forward years?
Yes, the losses will be realized (to offset gains) in the year they were incurred, in this case 2022.
Losses can be carried forward indefinitely (at least until you die). Losses offset gains and then up to $3,000 can be used against all other income, with the balance (if any) being carried forward.
