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Get your taxes done using TurboTax
I believe this $1 showing in "Capital Loss Applied in 2023" to be a rounding adjustment. We round to the nearest dollar when doing our taxes, and sometimes we have a mismatch when this happens.
Since your Capital Loss Carryover from 2022 was "0", and your Net Capital Loss in 2023 is ($687), when we add the additional ($1) of Capital Loss for 2023 (rounding error), we arrive at a Capital Loss carryover to 2024 of ($688).
I also see you have an asterisk (*) next to the *Capital Loss Applied in 2023. I think there may be a link on the bottom of that page in TurboTax that will tell you what that asterisk signifies.
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‎September 25, 2024
1:32 PM
11,985 Views