I have a small old capital loss carryforward. How do I delete it? I tried deleting the schedule D and worksheets, but the system wont do it.

[Mike9241]

why would you want to? 

[MindyB]

You can edit the capital loss carryover in TurboTax Online by following these steps:

• Go To Federal > Income > Wages & Income Summary
• Find Capital Loss Carryover and Add/Edit
• Choose Edit on the top right of the summary and enter your carryover information

Capital losses can be carried forward indefinitely.  So, there is no harm in leaving it, unless you missed a year it should have been taken.  If that is the case (and 3 years has not passed since the original due date), you can amend that prior year return.

[rjs]

Why do you want to delete the capital loss carryover? It won't do any harm and it might reduce your tax.

You can't push it off to next year, if that's what you're thinking. You have to carry it over from year to year until it's used up. There are no choices for how to handle it. If you delete it this year, it's gone.