No. You should have carried it over to each year. You have to report the carryover every year until it's used up. You can't skip a year. Even if you don't report it on your return you have to reduce it by the 3,000 (1,500 MFS) when you carry it over to next year. You can't choose when to use it.
Why isn’t Schedule D accurate?
Are you sure it wasn’t used on your returns since 2008? Did you use Turbo Tax all the years? It would have automatically carried over. Maybe you didn’t notice.
You first offset the loss against any gains you have each year which will use more of it up. Then after applying the loss to the current gains if you still have a loss you can take a max loss of 3,000 (1,500 MFS)per year.
BUT If you have a negative AGI or negative taxable income it will show up on 1040 BUT it won't reduce the carryover to the next year.
