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Deductions & credits
If your income is only $5000, none of your $3000caoital loss will be used on the 2023 return (but you do have to enter the stock sale/loss). The whole $10,000 will carry forward to 2024.
This assumes your are not a dependent or your $5000 income is earned income (from working). Dependents get a reduced standard deduction.
March 18, 2024
4:52 AM