This is a program related question. I have a Schedule D long term capital loss of about $6,800 to offset 2018 gains of about $17,000. How can I limit the amount used?

[wccjimh1]

My tax liability is zero, but I am using up all of the carry-forward when using a part of it would still result in zero taxes owed. Where do I adjust that?

[MichaelL1 · Accepted solution]

You cannot limit the amount of the capital gains carry forward that are used.

I understand why you would like to do this, however IRS rules do not allow this. It has to be claimed each year, or there is no carry forward to the next year.  The total amount must be entered in the following year.