I can’t tell if you will have a negative taxable income. But if you do......
If you have a negative AGI or negative taxable income read Pub 550 page 69 on
Figuring your Carryover. So even though it shows it on 1040 line 13 it doesn't reduce the carryover to the next year.
<a rel="nofollow" target="_blank" href="
http://www.irs.gov/pub/irs-pdf/p550.pdf">http://www.irs.gov/pub/irs-pdf/p550.pdf</a>
You can see it on the Carryover Worksheet. There is a Capital Loss Carryover Worksheet showing the carryover from the prior year and the current amounts. Then there is also the Capital Loss Carry Forward worksheet showing the amount transferring over to next year.
In the Online version you have to save your return with all the worksheet as a pdf file to your computer to see the Capital Loss Carry Over and Carry Forward worksheets.
