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Get your taxes done using TurboTax
I tried to recreate your situation in TurboTax. On the Let's get some info from your 2021 tax return screen, I was able to enter a negative number in the Allowable Loss box. The negative amount carried over into Schedule D.
If you transferred last year's TurboTax return over, you don't have to do a thing—we've already entered it for you.
Otherwise, follow these instructions:
- Sign in to your TurboTax account and open your return by selecting Continue or Pick up where you left off in the progress tracker
- In the search bar, search for capital loss carryover, and then select the Jump to link in the search results
- Select Yes on the screen Did you have investment losses you couldn't claim in 2021?
- Enter the info about your capital loss on the following screens
[Edited 03-20-2023|5:40 AM PST]
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March 16, 2023
12:41 PM