I just completed my 2023 federal tax return using the desktop version of Turbotax Premier. I also used Turbotax desktop in 2021 and 2022 and information from those returns was automatically imported into the 2023 return (except, apparently, as described below).
In reviewing the forms list, I noted that the Capital Loss Carryover Smart Worksheet (relating to "conversion" errors) indicated errors of omission. The indicated errors are the absence of values in the following two lines:
Value from 2021 Schedule D for AMT, line 7.........._________
Value from 2021 Schedule D for AMT, line 15.........._________
Immediately above these lines is the question: "Is this return impacted by inaccurate TY21->TY22 conversion?" The "Yes" box was automatically checked, and the Worksheet automatically filled in many numbers under an "Original TY21" column and an "Original TY22" column further below. The corrected amounts for several Worksheet lines for the 2022 and 2023 Capital Loss Carryover Worksheets differed by several thousands of dollars from the original amounts (i.e., those previously calculated by the 2021 and 2022 Turbotax programs).
My 2021 return did not have a separate "Schedule D for AMT." I did not pay AMT in 2021 (or 2022) because the regular tax was greater.
My questions are:
What numbers I should input into the two blanks described above? Should I input the numbers from lines 7 and 15, respectively, from the Schedule D for the regular income tax?
Would there be any effect on capital loss carryovers/carryforwards for 2023 and later years if I simply left these spaces blank? And why didn't the program automatically input these values while automatically inputting many other values from the 2021 and 2022 worksheets?
Finally, I am also curious about the exact nature of the Turbotax program error prompted the need for this "adjustment" worksheet and whether it could have impacted my previously filed returns.
