I have loss carry forwards and am classified as an Active Participant and MAGI below $100k so I am eligible for $25k of the loss carry forward to offset ordinary income in 2020. I filed my taxes and TT used the $25k but it then put me in a loss for AGI. I want to amend my return and use only a portion or even none of the $25k to manage my AGI to equal my standard deduction so my taxable income is $0. I guess the question is do I have to use the entire $25k loss carry forward? Can I just defer all or a portion of it to later years and then how do I amend this in TurboTax?
