Actually, capital loss carry over was already there, saved in Turbotax as I filed taxes with them last year. Because I had $600 capital gain in 2023, my capital loss carryover for this year is reduced by this number. from $18k, it became $17.4k. I can understand this.
I see what you said for negative income. got it.
Actually, $3000 deductible from carry over loss is applied on my income (1560) for 2023 and brought it to -$1440. Taxbal income is obviously 0. Now, I'm afraid that my capital loss carryover for 2024 would be reduced by 3000. I don't know if I should just skip adding capital loss carryover and add it next year. or If there is any other way I could get rid off this $3000 deductible from capital loss carryover?
