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D
damo3617
February 17, 2024
Question

How can I use capital losses from last year that I didn't report in my 2022 tax return?

  • February 17, 2024
  • 2 replies
  • 0 views
I had a capital gains loss in 2022 that I didn't report. I'd like to deduct it now if possible

2 replies

E
ee-ea
Employee
February 17, 2024

Amend 2022 first. If there is a carry-over you can use it in 2023.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-already-filed/L4VjJ9BA2_US_en_US?uid=lsput5v2

Hal_Al
Hal_Al
Employee
February 17, 2024

You can proceed with this years tax return, but you must adjust the capital loss carry forward for what you shoulda used last year. As others have said, the best way to make the adjustment is to  amend last year's return first. 

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