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alzhang74
February 24, 2025
Question

How can I manually reverse $3K capital loss applied by TT, given our taxable income is <$6K after deductions, so I can carry forward more capital loss to next year?

  • February 24, 2025
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    1 reply

    T
    ThomasM125
    February 24, 2025

    The capital loss allowed deduction of $3,000 per year must be taken in the current year, you are not allowed to carry it forward even if you don't have any capital gains in the current year.

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