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verns9783
New Member

Capital Loss carryovers

I have both short term and long term capital loss carryovers from last year. Can they be used to offset this year's gains in their entirety or am I limited to using only $3000 of each?

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‎December 21, 2023 10:53 AM
last updated ‎December 21, 2023 10:53 AM
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Bsch4477
Level 15
Level 15

Capital Loss carryovers

Your capital losses will first be used to offset any capital gains. Any losses remaining will offset income to a maximum of $3,000. 

‎December 21, 2023 12:24 PM
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