Futures market losses are treated as 60% long term and 40% short term capital losses.
You can only deduct each year $3,000 ($1,500 if married filing separately) from your ordinary income. But the excess loss is carried forward to future years.
You should report your 2020 losses on your 2020 tax return.
To claim 2019 losses, you need to amend your 2019 tax return.
Please read this TurboTax Help topic on how to amend your 2019 tax return.
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