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Can I take less than the maximum $3k capital loss carryover, and save it for next year.

for example kid has $10k cap loss from last year. her income this year is $3k. TT is using $3k of carry over to reduce her income to 0 but the first $2k is tax free so only want to use $1k of cap loss and carry the remaining $9k over to next year rather than only $7k is that possible?

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Accepted Solutions
Coleen3
Intuit Alumni

Can I take less than the maximum $3k capital loss carryover, and save it for next year.

No. The IRS requires that you include the entire amount on your return that you are entitled to. 
For a more thorough explanation of how this will work, see the link below.

https://ttlc.intuit.com/replies/4203301

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1 Reply
Coleen3
Intuit Alumni

Can I take less than the maximum $3k capital loss carryover, and save it for next year.

No. The IRS requires that you include the entire amount on your return that you are entitled to. 
For a more thorough explanation of how this will work, see the link below.

https://ttlc.intuit.com/replies/4203301

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