My schedule D line 16 was -60000 for 2022 and -5000 for 2023. This should mean I have a full -3000 to carry over for this 2024 (and many years to come), right? But it seems like for 2024 I'm only able to use the -2000 carry over from 2023. Is there something I'm missing?
If I have more than 3,000 capital loss carry over from the previous year, plus I have few more thousands this year, how much can I use against the capital gain ordinary income?
Loss from Schedule D (540), line 11, stated as a positive number. (-1 on form. As a result changing this to a positive number and removing negative nubmer) 1 Amount from Form 540, line 17. 130,000 Amount from Form 540, line 18. 5,000 Subtract line 3 from line 2.If less than zero, enter as a negative amount. 125000 Combine…
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