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Level 2

I started 2018 last year but due to complexity, I needed an accountant. Therefore, I cannot carry over '18 into '19. How can I delete 2018?

So I have used Turbo Tax for many years - all years 2017 and prior are fine.  

In 2018, I started with Turbo Tax but needed to hire an accountant.  

So now in 2019, it is trying to carry over 2018 - information which is no longer applicable.  I did not file 2018 with Turbo Tax - so I have to delete 18.
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Expert Alumni

I started 2018 last year but due to complexity, I needed an accountant. Therefore, I cannot carry over '18 into '19. How can I delete 2018?

To enter your Capital Loss carry forward in TurboTax:

 

Select Federal Taxes
Select Wages & Income
Select I'll choose what I work on
Select Investment Income

Then select Capital Loss Carryover 

 

Enter the loss carryover as a positive amount here.

 

I would import the brokerage statement after you enter the carryover.

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Expert Alumni

I started 2018 last year but due to complexity, I needed an accountant. Therefore, I cannot carry over '18 into '19. How can I delete 2018?

There are two ways to do this.

 

You can create a new TurboTax online account with a new username and enter all of your information from last year.

 

If you have a PDF of your 2019 return you may be able to upload it, saving some time.  See the TurboTax website: How do I transfer last year's return into TurboTax Online?

 

Or you can keep your current account and delete or edit as you go.

 

Is there something specific you need help deleting?

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Level 2

I started 2018 last year but due to complexity, I needed an accountant. Therefore, I cannot carry over '18 into '19. How can I delete 2018?

Hi Robert - 

 

Thank you for your assistance earlier this week.  

 

Of the 2 options that you mentioned, I will try the second option first.

 

As of now, there may be just one change that I would need to make.  As noted in my first e-mail, I started 2018 but due to complexity, I let an accountant finish and file for me.  I've been using Turbo Tax since 2010, so 2018 will be a one year gap.  

 

So in a nutshell, I just need to edit my capital loss carry forward in 2019.  Will the program allow me to make that change?   As of now that would be the only change I would need to make.

 

Thank you,

Randy

PS - One other quick question (or I can start a new thread for this) - at what point in the process, can I import my brokerage statement?

 

 

Highlighted
Expert Alumni

I started 2018 last year but due to complexity, I needed an accountant. Therefore, I cannot carry over '18 into '19. How can I delete 2018?

To enter your Capital Loss carry forward in TurboTax:

 

Select Federal Taxes
Select Wages & Income
Select I'll choose what I work on
Select Investment Income

Then select Capital Loss Carryover 

 

Enter the loss carryover as a positive amount here.

 

I would import the brokerage statement after you enter the carryover.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

Highlighted
Level 2

I started 2018 last year but due to complexity, I needed an accountant. Therefore, I cannot carry over '18 into '19. How can I delete 2018?

Thank you for your assistance!

Highlighted
Expert Alumni

I started 2018 last year but due to complexity, I needed an accountant. Therefore, I cannot carry over '18 into '19. How can I delete 2018?

You are welcome!!!

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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