Eva21
New Member

loss carry forward

Doing my 2023 return. I have a stock capital gain that turbo tax shows being applied 100% against my loss capital forward, reducing the loss by the amount of the gain.

However, the gain does not seem to be deducted from total income or lower my taxes, because when I deduct the gain, my tax due goes down.

Shouldn't applying the gain against the carry forward loss wipe out the taxable gain? is this a software bug?