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Capital loss carryover worksheet
I had xx,xxx capital loss carryover in 2016, which includes the loss from previous year 2015 as well.
For the year 2017, I had yy,yyy profit. Now, I mention xx,xxx carryover loss in short term from 2016.
I was under the assumption that we can claim only 3k loss per year. But turbo tax software is giving me a refund based on those losses. I want to do the right thing and dont want to have an audit for no mistake of mine.
Can someone please advise
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‎June 4, 2019
4:53 PM