What losses can I carry over from 2024?

Generally, a loss is only allowed on a position that is part of a straddle to the extent that it exceeds the unrecognized gain on offsetting positions. The part of the loss not allowed is treated as if incurred in the following year and is allowed to the same extent.

If you had any loss in 2024 from a position that was part of a straddle that was not allowed due to an unrecognized gain from offsetting positions, you may carry that loss forward to subsequent years.