This would seem to indicate that one doesn't HAVE to claim the allowable deduction, as long as the allowable deduction is taken into account to determine the carryover into the following year (not skipping a year's worth of allowable deductions in determining it).
My problem is that if I claim the allowable deduction for this year, it will bring me $60 below the poverty line, which will then make me not eligible for collecting the Marketplace health insurance premium tax credit. I didn't collect it in advance because my income had been too high, but this year investments went sour, and I ended up right at the cusp of the poverty line. And I had been counting on getting the premium tax credit applied to the premiums I had paid throughout the year.
So I am fine with allowing for the carryover tax deduction to determine the capital loss carryover into 2019, while at the same time, NOT claiming it.
My question is - can I do that? (And how?)
TurboTax doesn't have that as a question. It just went ahead and claimed that deduction for me. But as I ask above - do I HAVE to use it? Because if I do, I will not be eligible for the premium tax credit for the past year (which I was really counting on as 2018 came to a close).
I also consulted a tax expert (and paid to do so) through TurboTax. But this was a completely new topic for her, and she didn't see anyway I could not claim the deduction - even if I accounted for it when determining the carryover amount for 2019.
Any guidance would be greatly appreciated, even if it is to agree with the one expert I have consulted with.
