JotikaT2
Employee Tax Expert

After you file

It depends.

 

If your 2023 return had a capital loss that exceeded $3,000, then your amended return would not result in any changes to your overall 2023 amended federal return.  However, it would have changed the capital loss carryover that should be carried from your 2023 amended return to your 2024 tax return.  Capital losses are limited to a $3,000 loss per year until used up.  Please see the following link for steps to locate any 2023 capital loss carryover from your amended return that should be entered on your 2024 tax return.

 

How can I tell if I'm entitled to a capital loss carryover from last year's return?

 

How do I enter my capital loss carryover?

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