Question

Can I change the allotted write off of only $117 in capital losses against my income to the $3,000 cap instead of rolling it over to next year, which it's doing now?

Forum|Forum|3 years ago
March 22, 2023
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TurboTax Premier Online

I think you mean you want to write off your current year capital loss of $117 against your ordinary income this year and save the capital loss carryover that is limited to $3,000 for next year. No, you must use all of your capital losses in the current year to the extent the net capital loss deduction does not exceed $3,000. You can't pick and choose which years you want to deduct capital losses.

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