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Level 1
February 2, 2024
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How to delete capital loss carryover when I had nothing to claim?

  • February 2, 2024
  • 1 reply
  • 27 views
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Best answer by Mike9241

Expert Reviewed

If you have a capital loss carryover from 2022, don't delete it even if it can't be used in 2023 because any unused amount will carryforward to 2024. You don't need capital gains to utilize it. up to $3,000 each year can be used to offset other taxable income. 

 

 

1 reply

Mike9241
Level 15
Mike9241Level 15Answer
Level 15
February 2, 2024

Expert Reviewed

If you have a capital loss carryover from 2022, don't delete it even if it can't be used in 2023 because any unused amount will carryforward to 2024. You don't need capital gains to utilize it. up to $3,000 each year can be used to offset other taxable income. 

 

 

Mike9241