dmnttax
New Member

Investors & landlords

Thanks for answering that question on Capital loss carry over. I can see that you can not if you are filing this year and want to skip. Now, what if I am not required to file tax because I only had $5000 capital gain and no other income, so I am below threshold to be required to file? The point is if I file, then my carryover is reduced by $5000, and I have no benefit from this since my income is still -3000 and I wasted $5000 of my carryover this year to offset something I didn't have to report! My question is under the above circumstances, can I opt and not file taxes and use the full carryover to next year instead of 'carryover-$5000' that will result (for the next year carryover) if I did it this year?