Sorry to open up this topic again.
I have a dependent I am doing taxes for. They have unearned taxable income (interest/dividends) of say 3K (before the standard deduction), single digit capital gains from this tax year, and say 1K of capital loss carry over from the previous year.
My belief is they would not have to pay any taxes on the 3K at all without applying the capital loss carry over.
It seems that turbotax is forcing me to use the carryover loss this year even though there was had basically no capital gain and the income is low enough not to need to pay taxes.
In this scenario is the IRS forcing me to use the carryover loss and if not, how can I configure turbotax so that I can not use the carry over loss this year and make it available for next year?
Thx.
