Hello, I have a question regarding this message. For 2022, I have 40k capital loss carryover (imaginary number).
| Enter the amount of loss you plan to carry back from 2022. You will also need to file an amended return for the year to which you're carrying back the loss. |
Is this saying I can carry back the losses to prior years (2018-2021)?
If I understood correctly, 3k is the max loss deduction per year, so would I be able to deduct 3k from my income for each prior year if I were to amend? The rest of the losses would carryover to forward years correct?
