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cncnorton
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Will a short-term capital loss carryover from 2022 be considered as a long-term capital loss when I carry it over to my 2023 tax return?

I need to know so that I can calculate my 2023 estimated tax.
2 Replies

Will a short-term capital loss carryover from 2022 be considered as a long-term capital loss when I carry it over to my 2023 tax return?

See https://www.irs.gov/taxtopics/tc409\

 

Short-term capital losses retain their short-term attribute when they are carried over to subsequent tax years.

Will a short-term capital loss carryover from 2022 be considered as a long-term capital loss when I carry it over to my 2023 tax return?

however, if you end up with net STCL and net LTCG then the net STCL will be applied to the net LTCG

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