https://ttlc.intuit.com/community/taxes/discussion/capital-gains/01/1964738#M706977 <P>I CURRENTLY&nbsp; HAVE A CAPITAL GAINS CARRY OVER OF $ 115, 000 ACCUMULATED OVER SEVERAL YEARS. DURING 2020 I HAD CAPITAL GAINS OF 102,000. WILL THEN ENTIRE $115,000 CARRY OVER I HAVE OFF SET THE ENTIRE $ 102,000?</P> Sun, 21 Feb 2021 21:05:38 GMT swz73000 2021-02-21T21:05:38Z https://ttlc.intuit.com/community/taxes/discussion/capital-gains/01/1964738#M706977 <P>I CURRENTLY&nbsp; HAVE A CAPITAL GAINS CARRY OVER OF $ 115, 000 ACCUMULATED OVER SEVERAL YEARS. DURING 2020 I HAD CAPITAL GAINS OF 102,000. WILL THEN ENTIRE $115,000 CARRY OVER I HAVE OFF SET THE ENTIRE $ 102,000?</P> Sun, 21 Feb 2021 21:05:38 GMT https://ttlc.intuit.com/community/taxes/discussion/capital-gains/01/1964738#M706977 swz73000 2021-02-21T21:05:38Z https://ttlc.intuit.com/community/taxes/discussion/re-capital-gains/01/1965006#M707102 <P>Yes, you have a&nbsp;$115,000 capital loss&nbsp;carry over it will transfer and offset any capital gains you have, up to $115,000.&nbsp; So if in 2020 you have a capital gain of $112,000, your carry over will offset 100% of it, and you will have a $3,000 loss carry over to 2021.&nbsp;</P> Sun, 21 Feb 2021 21:35:39 GMT https://ttlc.intuit.com/community/taxes/discussion/re-capital-gains/01/1965006#M707102 DavidD66 2021-02-21T21:35:39Z