Hello,
I have a capital loss carryover from 2022 for $100,000. On 2023, I have a $10,000 capital income. I think the strandard deducation will cover my $10,000 capital income this year.
However, when I used turbotax desktop version, it used capital loss caryover firtst, meaning next year I will only have $100,000-$10,000=$90,000 capital loss carryover.
I don't know what's the amount of capital loss carryover for the next year, $90,000? or $100,000? If $100,000, how could I operate in the turbotax to make it use my strandard deduction first and carry $100,000 to the next year?
Thank you very much for your timely reply in advance.