Captain Gains and Losses
In 2022 I had capital losses of $16K and only used $3K leave a carryover of $13K short term
and
In 2023 I had a capital gain of $31K short tem - can I take all of $13K carryover from 2022 or I can only take $3K?
In 2022 I had capital losses of $16K and only used $3K leave a carryover of $13K short term
and
In 2023 I had a capital gain of $31K short tem - can I take all of $13K carryover from 2022 or I can only take $3K?
All of the 2022 short term carryover can be used against the capital gain in 2023.
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