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Where can I enter a capital loss carryover from 2022? I see where enter this information for 2023 (in which I had no loss), but not for 2022 (where I has a loss > $3k).

 
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3 Replies
Vanessa A
Employee Tax Expert

Where can I enter a capital loss carryover from 2022? I see where enter this information for 2023 (in which I had no loss), but not for 2022 (where I has a loss > $3k).

If you had a loss in 2022, you would have had to use it on your 2023 return.  If you did not have any gains to be offset by the loss in 2023, then it would still be carried over from 2023, so you would enter in the spot that says information for 2023.  

 

If you could have used the loss in 2023, you will need to Amend Your Return for 2023 to use up the loss that you can  prior to claiming it on your 2024 return.  You cannot choose to not use a loss in a year, if you want to carry it forward it has to apply to each year consecutively. 

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Where can I enter a capital loss carryover from 2022? I see where enter this information for 2023 (in which I had no loss), but not for 2022 (where I has a loss > $3k).

Thank you Vanessa. I’m still stuck though. To add more detail, I had a loss of about $4000 in 2022, $3000 of which I carried over to 2023. I had no loss in 2023, but I still think I should be able to carry over the remaining $1000 loss from 2022. I don’t see an option to end that info. 

Vanessa A
Employee Tax Expert

Where can I enter a capital loss carryover from 2022? I see where enter this information for 2023 (in which I had no loss), but not for 2022 (where I has a loss > $3k).

That $1,000 remaining loss is now a carryover from 2023.  Even though you did not HAVE the loss in 2023, it rolled over into 2023 and you were not able to use it all.  So when you are looking at that box, read it more like do you have any losses from ANY year in the past that was NOT completely used up in 2023, if so, enter in this box. 

 

Its no longer really considered a 2022 loss, it is not just part of the snowball of what you could or could not use in 2023.  So it is brought over from the 2023 return because it rolled into 2023 and was not used up. 

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