Perhaps. It depends on how much of that carryover loss from 2019 is still available. This appears to be an investment by you and when the business startup failed, your investment became a capital loss. You should have reported the capital loss in 2019. If you had any capital gains in 2019, this capital loss would offset those gains and if there was any capital loss remaining, that remaining amount would carryover to future tax years. Additionally, up to $3,000 of that capital loss would also offset ordinary income for 2019.
Even If you had no capital gains in 2019, you still could have used up to $3,000 of that capital loss to offset ordinary income ($1,500 if filing MFS). Perhaps the best option for you now is to amend your 2019, and subsequent years if necessary to properly report your capital loss. Whatever carryover loss from 2019 remains for tax year 2022, then you can use that loss as described herein.
@wbn
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