MonikaK1
Expert Alumni

Investors & landlords

If you report a capital loss in 2022, and you already have a capital loss carryover, TurboTax will list both on Schedule D of your completed tax return. If your capital losses exceed your capital gains, the amount of the excess loss that you can claim to lower your income for 2022 is the lesser of $3,000 ($1,500 if married filing separately) or your total net loss shown on line 16 of Schedule D.

 

Any remaining capital loss after the deduction for this year will continue to carry over to 2023.

 

See this IRS article and this TurboTax tips article for more information on this topic.

 

 

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