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capital losses form the proper amount is not being carried over from last year, shows I used more then the $3000 that was actually deducted. Why is it calculating that?

 
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MindyB
Employee Tax Expert

capital losses form the proper amount is not being carried over from last year, shows I used more then the $3000 that was actually deducted. Why is it calculating that?

If you have any capital gains this year, you can use loss carryovers to offset that, plus a loss of $3,000 on top of that.  The $3,000 will be the net loss on your tax return after that calculation.

 

Here is some more information you may find helpful: What is a capital loss carryover?

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