Deductions & credits

not sure where you see 2k or the 1k..$7629 minus $4629 is $3,000.

 

you had a capital loss of $7,000.

 

you are able to use $3,000 of that against ordinary losses

 

the remaining $4,000 is carried over to next year where you can use it against other capital gains. if you do not use it up, then another $3,000 can go against next year's ordinary losses.