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How do I prevent the application of a tax loss carryforward?
TurboTax automatically applies my tax loss up to $3000 on my income but how do I set this to $0 and preserve it for next year? My income in the current year is too low for this to matter so I'd like to preserve it for next year.
Under Investment Income, Capital Loss Carryover, on the screen for Allowable Loss, it shows -$3000. I set it to $0 but it still appears on my 1040 as -$3000.
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‎April 6, 2024
9:38 AM