Using Carryover losses from prior

[SLYKTAX]

Let’s say I have $10,000 carryover losses from prior year. Filing jointly.
1) Scenario 1
(A) This year, I have $7,000 gain, that mean I can use  $7,000 carryover to offset all the gain, leaving $3,000 left carryover, CORRECT?
(B) Can I ALSO use the last $3,000 to offset ordinary income?
2) Scenario 2
(A) This year, I have a loss of $3,000, does that mean only this $3,000 will be use to offset ordinary income?
(B) If this year, I have $2,000 loss instead, does that mean I  need to use this $2,000 and $1,000 from my carryover to offset my ordinary income?

Thanks

[VolvoGirl]

Yes to all.  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 if there is still a loss, you can take a max loss of 3,000 per year. 

Then for #2

A)   You will still have 10,000 to carryover to the NEXT year.

B)   You will have 9,000 to carryover to the NEXT y ear.

[SLYKTAX]

Thanks. I have the impression that if I used more than $3,000 to offset capital gain, I cannot do another $3,000 offset to ordinary income.  Wrong?

Just to clarify again. In Scenario -1 A

Even though I have used $7,000 to offset capital gain.  I can apply another $3,000 (max) to offset ordinary income?

[VolvoGirl]

YES.  After you offset any gains you can still deduct another 3,000 from your total income.