Tax loss carryfoard of $20,000. If I have stock gains of $20,000 next year. Can i use this amount to reduce the stock gains by $20,000 or can i only use $3,000 a year?

[sean5jake]

If you have tax loss carryforard in 2021 of $20,000 and capital gains from stocks of $25,000 in 2022. Can you erase $20,000 of those $25,000 gains from next year taxes?

[TomD8]

Yes.  See the example in this web reference:

https://www.thebalance.com/can-a-capital-loss-carryover-to-the-next-year-2388983#:~:text=Next%20year....

[VolvoGirl]

Yes.  You get to first offset the loss against any gains you have each year so that can use more of it up. Then after applying the loss to the current gains you can take a max loss of 3,000 per year.