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March 12, 2024
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Captain Gains and Losses

  • March 12, 2024
  • 1 reply
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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?

Best answer by DoninGA

All of the 2022 short term carryover can be used against the capital gain in 2023.

1 reply

DoninGA
DoninGAAnswer
Employee
March 12, 2024

All of the 2022 short term carryover can be used against the capital gain in 2023.

deedee007Author
March 12, 2024

Thank you after completing the tax return it does show all of the $13k was applied. I appreciate the quick response. You're the best!