How does Capital Loss Carryover is calculated

[prettyspring]

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?  

1. Does Turbo Tax subtract $15,010 from the $19K and my new Capital Loss Carryover would be $3,990?   (19,000 – 15,010 = $3,990)
2. If #1 is correct, can I still claim $3K Capital Loss?  $3,990 - $3,000 = $990 of Capital Loss Carryover. 

[VolvoGirl]

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.  

[tagteam]

Looks like a $6,990 net loss using $3,000 in 2023 with a $3,990 loss carryover to 2024.

[Mike9241]

that's correct as long as adjusted gross income is not negative.