Yes, you can use a loss carry forward from 2022 to 2023. The type of loss will determine where it is reported on your 2023 tax return. If you are referring to a capital loss carryover, it would be reported on Schedule D, if you are referring to a net operating loss (NOL) carryover, it would be reported on Schedule 1, then carried to your 1040.
For the NOL, first you must calculate your carryover using IRS Publication 536. The worksheet is on page 12.
Once you determine the correct amount, you can include the carryover in your 2020 tax return by following the steps above, placed here for your convenience.
- Do a Search (upper right) > Type net operating loss > Press enter > Click on the Jump to result
- Enter your NOL carryforward on the screen that appears
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