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I don't want to use my capital loss carryover this year, how do I do this?

Forum|Forum|6 years ago
June 6, 2019
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Must I use the allowable 3000 capital loss carryover for 2015? I want to not use any and carry it over to next year since it would not be advantageous for me to use it this year?

TurboTax Premier Windows

Best answer by ChelsiE2

Unfortunately, the IRS will not allow you to skip a year. Even if it would be more advantageous to hold on to it and use it next year, you are still required to reduce the amount by $3,000 each year.

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ChelsiE2Answer

Unfortunately, the IRS will not allow you to skip a year. Even if it would be more advantageous to hold on to it and use it next year, you are still required to reduce the amount by $3,000 each year.

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Robert461

Are there any exceptions to this rule? I was unable to do taxes the following year and hired someone else, now I stand to loose a $6000 carryover in this year's report. Advise?

Hal_Al

The form you pointed to is only for 2022, but I wanted to enter for 2021 (and even 2020) as well. Do you know where can I do that? And is there a way for me to manually edit this number? Thanks!

There is no easy way to do that. If you have desktop TT software, for those years, you can re-enter and redo each return for an accurate calculation.

" I didn't put in my stock investments when filing 2021 and 2020 tax forms". That sounds like you may need to do amended returns for those years. The deadline for amending 2020 is 4-15-24. The amended returns should do the carry forward calc.

How to amend https://ttlc.intuit.com/questions/1894381-how-to-amend-change-or-correct-a-return-you-already-filed

You may have to go to a tax pro to get this straightened out.