"The 3,000 is just the max loss you can claim each year AFTER offsetting any gains you have. So you might use more of it up in one year. "
Thank you! I am a little lost here regarding the $3,000 max loss limit because turbotax used all of my Long Term Carryover, an amount way above the $3000 limit. I am worried about this. It's seems to be treating the carryover amount as a current year loss to offset the gains. I hope this is not a glitch because my tax got a big reduction!
