No a ordinary individual taxpayer can not carry back a capital loss for the sale of assets using the 1040 federal income tax return.

Capital Losses Specifically for Corporations as per the internal revenue code section 1212: If a corporation has a net capital loss for any taxable year, the amount thereof shall be- (A) a capital loss carryback to each of the 3 taxable years preceding the year of the loss, but only to the extent- (i) such loss is not attributable to a foreign expropriation capital loss, and (ii) the carryback of such loss does not increase or produce a net operating loss for the taxable year to which it is being carried back; (B) except as provided in subparagraph (C), a capital loss carryover to each of the 5 taxable years succeeding the loss year; and (C) a capital loss carryover- (i) in the case of a regulated investment company to each of the 8 taxable years succeeding the loss year, and shall be treated as a short-term capital loss in each such taxable year.

It depends what kind of tax loss it is.

Very carefully!

In accounting terms, the tax loss is a loss that can be adjusted against a taxable profit figure in earlier period of trading.