- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
A review of the diagnostic file reveals that no income was input for 2023, just estimated payments. If there is no income at all for the year, the capital loss carryover will flow through to the next year in which income is reported, and the carryover calculation for 2023 is inapplicable. You are only filing to get estimated payments back.
If you do have income to report, such as a 1099-R, but haven't input it yet, input the income and then go back to the capital loss carryover.
See this TurboTax tips article for more information about capital loss carryovers.
See this thread for an informative discussion of this issue.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 31, 2024
8:58 AM