will all the gains be absorbed by the capital loss carry forward, and will I be able to take the $3k capital loss? Will the $11 thousand in new losses be added to the $472?
will all the gains be absorbed by the capital loss carry forward, and will I be able to take the $3k capital loss?
Yes ... exactly. 472 + 11 - 14 = 469 - 3 used = 466 to carry forward
Just enter the current year sales and the program will do the rest. If you have used the TT program the prior year and you transferred the info then the loss carryover came as well.. if not then watch for the place to enter that in the same section as the sales.