JaMorri
Level 2
02-18-2021
01:47 PM
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Yes, thank you for checking back. With your response, I was able to go back and review the return, and the Summary, and because the $3k loss was not used in the current year, it does not reduce the carry forward. It is always so confusing because it shows up on page 1 as a $3k loss, and so I automatically assume the carry forward should be reduced. It even stumps the attorneys.
Thanks!