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My capital loss carryover was automatically calculated. Should I remove it?
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posted
April 17, 2023
10:01 PM
last updated
April 17, 2023
10:01 PM
3 Replies
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My capital loss carryover was automatically calculated. Should I remove it?
No. Do not remove it.
April 17, 2023
10:42 PM
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My capital loss carryover was automatically calculated. Should I remove it?
What is used to calculate those numbers?
April 17, 2023
10:59 PM
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My capital loss carryover was automatically calculated. Should I remove it?
@QuRuCo Taxpayers are limited to a maximum capital Loss of $3,000.
- If there are excess losses they can be carried over to following years.
- In the following year this can be used to offset any capital gains, and still take up to $3,000 Capital loss.
- This process continues until the capital loss carryover is depleted.
- Carryover losses cannot be transferred. Not even to a surviving spouse.
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April 18, 2023
6:48 AM
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