robtm
Level 10

Investors & landlords

If the cap[tal loss for 2022 is greater than 3000, then the excess loss would be added to your capital loss carryover from prior years to be used on your 2023 taxes. If the 2022 loss is less than 3000, then prior years carryover losses would be added to make the 3000 and the balance of prior years loss would be reduced by that amount. You keep applying prior years carryover losses on next years taxes until they are used up