I have a total "capital gains loss" of ($31,000.00) for calendar year 2022 which was reported in TurboTax. I'm looking at calendar year 2023 and need to know what TurboTax will do with the following being reported for 2023.
1. My loss carryover from tax year 2022 should be ($28,000.00) since I should have reported a capital gain loss of ($3,000.00.) as the maximum loss I can claim for calendar year 2022.
2. For calendar year 2023 I am projecting a capital gains of $5,000.00. (No capital gains at all and the total loss carryover for 2023 will be ($23,000.00)?
3. What will be my ending loss carryover for calendar year 2023?
4. What will be my reported gain or loss for calendar year 2023?
Thanks for your response.
