We are filing joint return for the first time in 2023. I have imported my 2022 tax return and have all my capital loss info. I understand from previous posts that I need to manually add my spouses info. I have TT for Home and Business and the first prompt is to review the info from my 2022 tax return. It shows my Schedule D data for net short-term (Sch D, line 7), net long term (Sch D, line 15), allowable loss (Sch D, line 21) and Taxable Income.
Am I supposed to update these numbers by adding my spouses 2022 data? Will it then calculate our combined loss info and carry forward? It seems like if I do this a lot of other forms will need to get updated.
Thx.
