Can I deduct a 2016 & 2017 carryover loss? In 2015 I had a capital loss carryover of $27,594 then deducted $3000. I forgot to deduct the loss in 2016.

posted

You can amend your 2016 return to claim the $3000 capital loss carryover you did not include.

Only current year capital loss carryover amount of $3000 can be deducted in 2017, unless you have equal capital gains to offset.

Here's more info:

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Can I deduct a 2016 &amp; 2017 carryover loss? In 2015 I had a capital loss carryover of $27,594 then deducted $3000. I forgot to deduct the loss in 2016.