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@Raj1 wrote:

The Tax Payer (without any cap loss of $3,000 out of total cap loss of $8,000 for 2019) has below taxable income for 2019...

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You didn't tell us what the taxable income is.  But here's how it works:

• Filing Status: Single
• Wages: $14,200
• Cap Loss: $8,000
• Other Non-Employment Income: None
• Standard Deduction: $12,200
• Cap Loss Allowed on 2019 T/R: $2,000
• Cap Loss Carryover to 2020: $6,000 ($8,000 - $2,000)

As explained in my response yesterday, Line 6 will still show -$3,000.  Nevertheless, the actual amount that will be allowed and carried forward will be -$2,000 and -$6,000, respective.