Yes, provided you do some work.
- Did you take the Capital loss in 2020?
- If you didn't, you will have to amend the 2020 & 2021 tax returns to reflect the carryover.
- You will then be able to apply any balance to 2022.
"If your capital losses exceed your capital gains, the amount of the excess loss that you can claim to lower your income is the lesser of $3,000 ($1,500 if married filing separately) or your total net loss shown on line 16 of Schedule D (Form 1040."
See Limit on the Deduction and Carryover of Losses: Topic No. 409 Capital Gains and Losses
If this does not completely answer your question, please contact us again and provide some additional details.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
