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New Member
posted Feb 16, 2024 10:38:13 PM

How can I use capital losses from last year that I didn't report in my 2022 tax return?

I had a capital gains loss in 2022 that I didn't report. I'd like to deduct it now if possible

0 2 775
2 Replies
Level 15
Feb 17, 2024 1:08:58 AM
Level 15
Feb 17, 2024 7:24:57 AM

You can proceed with this years tax return, but you must adjust the capital loss carry forward for what you shoulda used last year. As others have said, the best way to make the adjustment is to  amend last year's return first.