On Line 7 of the 2021 Form 1040 is where you will see the capital loss, if any. Can you check your 2021 Form 1040 and advise if you see a $3,000 loss on line 7. If you had no capital gains in tax year 2021, your capital losses from tax year 2020 would have at least offset $3,000 of ordinary income ($1,500 if married filing separately) in 2021. If the capital loss from 2020 did not carryover, then yes, you need to amend your 2021 tax return to include your carryover loss.
What amount, if any, is on line 16 of your 2021 Schedule D? Line 16 should have your combined short term/long term capital losses.
For tax year 2022, you can adjust your carryover losses in TurboTax Home & Business, assuming that number is not accurate. From the Personal Income tab, scroll down to Investment Income and select Capital Loss Carryover. Enter your information.
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