ThomasM125
Expert Alumni

Investors & landlords

If you have unused capital loss carryovers, you need to go back through the years you didn't take them and reduce the carryover amount by the amount allowed in the those years. In other words, you have to take them each year as allowed, you can't just skip a few years and then use the available loss from the last year you used them as the balance allowable in the current year. 

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