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March 30, 2024
Question

What is a long-term capital loss carryover I don't think I have one of those?

  • March 30, 2024
  • 1 reply
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I don't have anything that I sold and lost money or so they made money on

1 reply

March 30, 2024

if there was no schedule D in your  2022 return you do not have a capital loss carryover. This is highly likely since you say you didn't sell anything. 

fanfare
March 31, 2024

$3,000 is the most you can write off in losses per year.

When your losses get that high, you will become more attuned to the carryover rules.

 

@weezie-61