I have capital loss carryover from previous year that exceeds $3000 so why isn't my total capital losses for this year the max $3000?

[rsyla]

My return says total capital losses are $2321 but I don't know how they get that number and I don't see a way to change it. If I have additional carryover losses from previous year, shouldn't that fill the gap to the $3K max allowed?

[M-MTax · Accepted solution]

Your capital loss carryover from the previous year is first used to offset any capital gains from the current tax year (2025).

If the capital loss still exceeds that capital gains, then up to $3,000 can be used to offset other income. The program does the calculation for you.