How to claim loss carryover quicker?

[Wood8]

I have 30K capital loss in 2019 tax return which I believe turning to 2020 carryover. 

I was told that I can only use 3K of 30K carryover in 2020 return, is this true? 

If this is true, does this mean I will need 10 year return to use up all my loss carryover? 

Is there a way I can claim 30K loss quicker rather than 10-year span? 

Your help is greatly appreciated. 

[VolvoGirl]

No.  You can use it against all your 2020 gains.

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 (1,500 MFS)per year.  Turbo Tax does all the calculations for you.  Just enter the prior year carryover amount.

If you transferred your prior return it should be already filled in.

Enter a Capital Loss Carryover under

Federal Taxes or Personal (Home & Business)

Wages and Income

Then scroll down to Investment Income

Capital Loss Carryovers - Click the Start or Update button