@sandy861 wrote:
Thanks for reply. So we can claim 50k on prev year capital loses? Just curious where did you get that 50k from.
I got the $50k from your original post:
My tax loss is over 100k for tax year 2022 from stocks. My question is if i gain say 50k in the year 2023
If you have a $97k carryover to 2023 and $50k in capital gains in 2023, then you can use $50k of the $97k carryover to completely offset the $50k in gain. That would leave a $47k loss of which you could use $3k to offset other 2023 income and then a $44k carryover to 2024.
