Scenario 1: I do not have any gains and have losses of $5000.
You will get a $3,000 deduction on the 2022 return and $2,000 will carryforward to 2023
Scenario 2: If I do not have any gains and have losses of less than $3000.
You will show a $3,000 deduction and no carryforward.
Scenario 3: If I have gains of $3000 and loss of $2000.
You will show a gain of $1,000.
Scenario 4: If I have gains of $1000 and loss of $3000?
You will show a loss of $2,000 and no carryforward
Scenario 5: Or gains of $1000 and loss of $4000.
You will show a loss of $3,000 and no carryforward.
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