Yes, provided you do some work.
"If your capital losses exceed your capital gains, the amount of the excess loss that you can claim to lower your income is the lesser of $3,000 ($1,500 if married filing separately) or your total net loss shown on line 16 of Schedule D (Form 1040."
See Limit on the Deduction and Carryover of Losses: Topic No. 409 Capital Gains and Losses
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I was told that there is a short version for schedule D (so I don't have to list 100's of individual transactions). What the name of this form? Where can I find it. I need to amend 2019 & 2020 Capital Loss carry forward.
there is no short form Schedule D. rather covered transactions are reported, as one number, directly on the form on lines 1a (short-term) or 8a (long-term). a covered transaction is one where the sales price and the cost basis are reported to the IRS and there are no adjustments. otherwise, the transaction needs to be reported on form 8949.
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even though 2019 is a closed year and you will get no refund, it must be prepared to determine the capital loss carryover available for 2020. then 2020 must be amended to show the 2020 capital loss and 2019 capital loss carryover. then 2021 must be amended or filed to report whatever carryover is available from 2020. finally, you amend or file 2022 to report the carryover from 2021. Turbotax no longer supports 2019. each return needs to be mailed separately. while 2022 can be e-filed, I would suggest mailing because that will be processed immediately and the CLCO may be disallowed because it has not been previously reported. I suggest mailing them a week apart, but I have seen where other have suggested they can all be mailed on the same date just in separate envelopes. you'll need to be patient because these returns will likely take months to process.