Q. Can I just wait and use my capital loss from 2018 in tax filing of 2020 ?
A. No. The 2018 capital loss must first be applied to the 2018 tax return. It that results in any carry over, the carry over must next be applied to the 2019 tax return. Only if that results in further carry over, can it be carried to 2020. And then only the amounts resulting form the previous year calculations.
