I am not an accountant, but I believe this to indeed be the case. If you previously took losses, you can carry them forward but not get an actual refund. It mig

I am not an accountant, but I believe this to indeed be the case. If you previously took losses, you can carry them forward but not get an actual refund. It might not be practical to do because what tax bracket do you use? It's simpler as an offset, so I guess they just have to pick a rule and so they picked one that is advantageous to them. The only other option that comes to mind is that if you take a significant loss, you get to retroactively get refunded from a previous year. This actually doesn't seem that intractable, it shouldn't be all that complicated to implement.