Skip to main content
Level 2
June 1, 2019
Question

Which one is called the Capital loss carryover the $3,000 the balance of $46,000.00 is it called the Net operating loss carry over, is that correct or not?

No text available

1 reply

Level 11
June 1, 2019

The carryover amount would be the balance of the capital loss carryover at the end of 2017. Then, the maximum amount of the loss allowed to use per year is the $3,000.  See more information below:

https://ttlc.intuit.com/replies/4789424