farms
Returning Member

Deductions & credits

Thank you for your response.

 

I have no capital loss carry over in 2022.  2023 was the year I lost money in the stock market.  So, I am claim the $3,000 deductible in this year tax filing for the first time.  However, since my personal income is just around $5K for 2023, it makes little sense to claim the $3,000 deductible in this year tax filing.  Perhaps, I thought it would be wise to claim the deductible in next's year tax filing instead.

 

Would this work?