When I filed taxes in 2023, I had Capital Loss Carryover of $19K ($6K for Short-Term and $16K for Long-Term)
For Tax Year 2024, I have a Long-Term Capital Gain of $15K and Short-Term Capital Gain of $10, how much can I claim?
You'll need to sign in or create an account to connect with an expert.
The whole 19,000 carryover will be used against your total gain of 25,000 (15+10) leaving you with a gain of 6,000 for 2024. Although your figures might not be right ..... $19K ($6K for Short-Term and $16K for Long-Term) 6+16=22 not 19.
Looks like a $6,990 net loss using $3,000 in 2023 with a $3,990 loss carryover to 2024.
that's correct as long as adjusted gross income is not negative.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
prettyspring
Level 3
mbc1961
New Member
Lovethefarm2
New Member
justinl3333
New Member
lesliesalt
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.