From my 2018 taxes I still had $40,000 capital loss caryover.
Typically, each year I use $3,000 as a deduction against ordinary income.
But in 2019, I had no income and didn't file a return. In 2020, I am filing a return.
What happens to the caryover loss ? Do I lose the ENTIRE $40,000 ? Or do I only lose $3,000, leaving me with $37,000 carryover for 2020 ?
