Applying my 2022 "Net Capital Loss Available for Carryback" to my 2021 return, which had a larger capital gain, made no difference to my 2022 tax refund.
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1 Replies
TurboTaxSusan
Moderator
Feb 15, 2023 5:35:51 PM
Your loss in 2022 would have been applied to your tax return already, if it was usable. The amount that you carried back was whatever was left over.