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Capital Loss Carry over question
Hi,
If I loss $3K in 2023 stock investment, I am allowed to deduct $3,000 in my 2023 tax return and $2.7K will be carried to 2024. Supposed I also have a $3K carried over from 2022, does that mean I can have another $3,000 deduction from my 2023 return?
And what will be carried over loss to 2024 in this case ? 2.7K + 2.7K =$5.7K?
If I used TT to transferred my previous return, will my total carried over be recorded/transferred automatically by TT?
Thanks
May 16, 2024
1:04 PM