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Get your taxes done using TurboTax
TurboTax is asking you to varify your capital loss carryover from 2021. It would be the amount on line 7 of Schedule D plus the amount on line 15, less $3,000, assuming the net of line 7 and 15 is a negative amount, or a loss. Since you can only deduct up to $3,000 of capital losses against ordinary income, if you have a loss of $3,000 on line 21 of schedule D, you probably have a loss carryover. If you don't have a loss form 2021, you should leave the worksheet blank.
Since you did not have a form 6251 for alternative minimum tax in 2021, you can leave that worksheet blank.
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‎February 21, 2023
2:54 PM