Wow, you are very good. Thank you.
The loss was realized over multiple years since 2015. In that case, I'll subtract 3 years of $3,000 from $47,000 carryover loss. The 3 years are for 2015, 2016 and 2017.
So I'll deduct $38,000 instead of $47,000 to reduce home sale capital gain in my case. Yes?
Warm Regards,
Maureen
