Vanessa A
Employee Tax Expert

Investors & landlords

If you stop it, you cannot pick it back up in future years so you would lose it.  It has to be used consecutively not just in the years you want it. 

 

If for some reason you want to stop using it all together and lose it forever, then you can delete the carryover worksheet.  You can also go to Income>>Investment Income>>Capital Loss Carryover.  Then you can delete the carryover.  

 

But remember, once you do this, you cannot take it in future years without amending this years return.  

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