You’re right - after deleting the Capital Loss Carryover Worksheet 2024, I can now edit lines 12a, 12b, 13a, and 13b directly in the Federal Carryover Worksheet.
What I still don’t fully understand is the purpose of deleting the Capital Loss Carryover Worksheet 2024 and editing the Federal Carryover Worksheet directly, versus just modifying the existing Capital Loss Carryover Worksheet 2024 by adding my wife’s numbers to mine, because:
In both methods, the amounts seem to flow all the way into the Capital Loss Carryforward Worksheet 2025 in exactly the same way.
As far as I know, none of these three worksheets are actually submitted to the IRS with the return. IRS will never see them, right?
So is the main reason for creating two separate Capital Loss Carryover Worksheets by hand simply to keep a record of which spouse owns which portion of the merged capital loss — in case we file separately in future years and still have unused carryovers?
