https://ttlc.intuit.com/community/taxes/discussion/capital-loss/01/1031802#M374894 <P>I completed my 2019 tax and found that turbotax used a small portion of my capital loss for 2019 and a large remainder of the loss in the capital loss Carry Over.&nbsp; Why cant I use the entire loss in the current year tax 2019?</P> Tue, 28 Jan 2020 19:50:45 GMT theadtim 2020-01-28T19:50:45Z https://ttlc.intuit.com/community/taxes/discussion/capital-loss/01/1031802#M374894 <P>I completed my 2019 tax and found that turbotax used a small portion of my capital loss for 2019 and a large remainder of the loss in the capital loss Carry Over.&nbsp; Why cant I use the entire loss in the current year tax 2019?</P> Tue, 28 Jan 2020 19:50:45 GMT https://ttlc.intuit.com/community/taxes/discussion/capital-loss/01/1031802#M374894 theadtim 2020-01-28T19:50:45Z https://ttlc.intuit.com/community/taxes/discussion/re-capital-loss/01/1031997#M374960 <P>If you have a capital loss carried over from previous years, you can only deduct&nbsp;$3,000 ($1,500 if married filing separately) of capital loss from ordinary income each year. The balance is carried over to future years.</P> <P>&nbsp;</P> <P>Please read this&nbsp;<A href="https://blog.turbotax.intuit.com/taxes-101/what-is-the-capital-gains-tax-4094/" target="_blank">TurboTax blog</A>&nbsp;for more information.</P> Tue, 28 Jan 2020 20:10:55 GMT https://ttlc.intuit.com/community/taxes/discussion/re-capital-loss/01/1031997#M374960 MinhT1 2020-01-28T20:10:55Z