Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
L
leeleses
March 12, 2025
Solved

Small capital loss in 2023 (-85) sold stock in 2023 how do you know if it gets carried over to 2024?

  • March 12, 2025
  • 1 reply
  • 0 views

Small capital loss in 2023 (-85) sold stock in 2023 how do you know if it gets carried over to 2024?

 

Does such a small amount even really matter to report?

 

I traced it to Primerica stock reported on a 1099-B in 2023, now sold off...

    Best answer by JohnB5677

    If you included it on your 2023  tax return it has been used in full.

    There will not be a carryover loss until:

    • All losses have been offset by gains
    • And then the loss must exceed $3000
    • The deduction of $3000 is taken in the current year
    • The balance of the loss will be carried forward.

    1 reply

    JohnB5677
    JohnB5677Answer
    March 12, 2025

    If you included it on your 2023  tax return it has been used in full.

    There will not be a carryover loss until:

    • All losses have been offset by gains
    • And then the loss must exceed $3000
    • The deduction of $3000 is taken in the current year
    • The balance of the loss will be carried forward.
    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
      TurboTax Sign In Widget
      TurboTax flag icon

      Unlock tailored help options in your account

      Create an account
      TurboTax Expert Assist
      TurboTax Expert

      Get answers to all your tax questions

      Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

      Terms & ConditionsCookie settingsAccessibility statement
      Intuit
      TurboTax Credit Karma QuickBooks MailChimp

      ©1997-2022 Intuit, Inc. All rights reserved.
      Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
      of Intuit Inc. Terms and conditions, features, support, pricing, and service options
      subject to change without notice.

      Security Certification of the TurboTax Online application has been performed by
      C-Level Security.

      By accessing and using this page you agree to the Terms of Use.

      Accessibility

      TRUSTe nResult Certified e-File C-Level Security Certification