How could I have $4,976 in 2023 capital loss carryover plus $3,786.58 in 2024 capital losses, take the $3,000 maximum deduction and only have a $5,474 carryover for 2025?

Forum|Forum|11 months ago
April 10, 2025
1 reply
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$4,976+$3,787-$3,000≠$5,474 Instead, $4,976+$3,787-$3,000=$5,763

Best answer by ThomasM125

You may have a capital gain distribution listed on Form 1099-DIV in box 2(a) that you are not considering.

KrisD15

You must have had a 289 gain that the loss went against, and then 3,000 against ordinary income.

Look at your Schedule D

HERE is how to view your return using Online

Desktop switch to FORMS

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bryan-davis-00Author

The $3,787 is already my net amount from my 1099. All gains are already offset against in that number. I am net loss for ths short term and long term for the year. I have no other brokerage 1099s or K-1s for the year. This doesn't make sense. And it won't let me preview anything without paying. I'm not paying when I'm not satisfied there is no error, though (thank you for the suggestion nonetheless).