Hal_Al
Level 15

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.