For other TurboTax customers reading about this topic that may have run into this same issue of no Capital Loss carryover being auto-filled in Schedule D, this is a timeline of what I am having to deal with:
To get the $661 refund I am owed I submitted an amended (1040-X) return on 7/1/2024 by Certified Mail with the correct Capital Loss carryover amount manually added for tax year 2023 (my Cap Loss carryover amount was obtained from 2022 worksheets). I received a letter from IRS acknowledging my 1040-X and saying they needed an additional 60 days to send me a complete response on what action they are taking on my account. Okay, I thought...
But in September, 2024 I received another letter from the IRS acknowledging correspondence in response to tax period 2020! (Wrong tax period IRS!) The very next line in the letter says; The tax period was stated in error as the issue pertains to tax period 2023. Then the very next line of the letter says; We have no record of receiving your amendment regarding your $3,000.00 Capital Loss Carryover. Please resubmit your amendment. Wow! Wow! Wow!
So, on 11/6/2024 I resubmitted my 1040-X again via Certified Mail (delivered on 11/12/2024). I'm guessing I might hear something by 16 weeks (which is 3/7/2025), but with the wrong tax period error (i.e. 2020) and the IRS stating they had no record of my first amended return I really don't trust those people and don't know what to expect. I've read some amended returns for individuals (non-business) are taking as long as 18 months!
Between TurboTax not auto-filling my 2023 Schedule D with any of my Capital Loss carryover from 2022 (that left the pertinent Schedule D Capital Loss carryover Lines in my 2023 original tax return completely BLANK which I totally failed to notice before e-filing my original return) and the clear incompetence of the IRS - I really do not know what to expect.
It makes me wonder what the odds are I'll ever get the $661 refund the IRS owes me for this Capital Loss carryover debacle [that started with TurboTax not auto-filling my remaining Capital Loss data in my 2023 tax return]?
