Capital loss limit is $3k but TurboTax took all $18k - WHY???

SedaRay · ‎March 10, 2025

Capital loss carryover from 2023 -$18,000 All capital losses used in 2024 -$18,000 Remaining losses carried forward to 2025 - $0.00 Should only use $3000 of my capital loss carryover.

AnnetteB6

If you had enough gains on your 2024 return to use the losses carried forward from 2023, then there is not a limit to the amount that can be claimed. They were all used to lower your tax bill.

There is only a $3000 per year limit if there are not gains being offset by the losses. If there are only losses to consider, then you can only take $3000 in loss per year.

The following TurboTax help article explains this also:

What is a capital loss carryover?

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