topic If you have a capital loss carryover of say $10,000 and the next year you have a gain of $30,000, does the ENTIRE loss carryover reduce the gain OR just $3000/year in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/if-you-have-a-capital-loss-carryover-of-say-10-000-and-the-next-year-you-have-a-gain-of-30-000-does/01/3217866#M110576 Tue, 10 Feb 2026 10:46:42 GMT parmaker2 2026-02-10T10:46:42Z If you have a capital loss carryover of say $10,000 and the next year you have a gain of $30,000, does the ENTIRE loss carryover reduce the gain OR just $3000/year https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/if-you-have-a-capital-loss-carryover-of-say-10-000-and-the-next-year-you-have-a-gain-of-30-000-does/01/3217866#M110576 Tue, 10 Feb 2026 10:46:42 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/if-you-have-a-capital-loss-carryover-of-say-10-000-and-the-next-year-you-have-a-gain-of-30-000-does/01/3217866#M110576 parmaker2 2026-02-10T10:46:42Z Re: If you have a capital loss carryover of say $10,000 and the next year you have a gain of $30,000, does the ENTIRE loss carryover reduce the gain OR just $3000/year https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-if-you-have-a-capital-loss-carryover-of-say-10-000-and-the-next-year-you-have-a-gain-of-30-000/01/3217871#M110577 <P>Yes it will use the whole 10,000 carryover and to reduce the gain.&nbsp;&nbsp;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 you can take a max loss of 3,000 per year.&nbsp;</P> Sun, 25 Feb 2024 20:18:29 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-if-you-have-a-capital-loss-carryover-of-say-10-000-and-the-next-year-you-have-a-gain-of-30-000/01/3217871#M110577 VolvoGirl 2024-02-25T20:18:29Z Re: If you have a capital loss carryover of say $10,000 and the next year you have a gain of $30,000, does the ENTIRE loss carryover reduce the gain OR just $3000/year https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-if-you-have-a-capital-loss-carryover-of-say-10-000-and-the-next-year-you-have-a-gain-of-30-000/01/3217873#M110578 <P>The entire loss reduces the gains.&nbsp; So the carryover amount is completely used.</P> Sun, 25 Feb 2024 20:18:45 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-if-you-have-a-capital-loss-carryover-of-say-10-000-and-the-next-year-you-have-a-gain-of-30-000/01/3217873#M110578 DoninGA 2024-02-25T20:18:45Z Re: If you have a capital loss carryover of say $10,000 and the next year you have a gain of $30,... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-if-you-have-a-capital-loss-carryover-of-say-10-000-and-the-next-year-you-have-a-gain-of-30/01/3217884#M110579 <P>Yes, the entire loss carried forward will be used, but there are limits. Losses on your investments are first used to offset capital gains of the same type. So, <STRONG>short-term losses are first deducted against short-term gains</STRONG>, and long-term losses are deducted against long-term gains. Net losses of either type can then be deducted against the other kind of gain.</P><P>&nbsp;</P><P>Please read this <A href="https://turbotax.intuit.com/tax-tips/investments-and-taxes/capital-gains-and-losses/L7GF1ouP8" target="_blank">TurboTax article</A> for more information.</P> Tue, 27 Feb 2024 16:03:34 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-if-you-have-a-capital-loss-carryover-of-say-10-000-and-the-next-year-you-have-a-gain-of-30/01/3217884#M110579 MinhT1 2024-02-27T16:03:34Z