I think there is a bug with how Capital Loss Carryover is calculated in TurboTax Deluxe 2019 (Desktop, Windows). It seems like the bug has been introduced in a recent update to TurboTax Deluxe 2019 because a tax return I started on 3/7 does not show the problem, while a tax return I start 3/28 shows the problem.
The problem is when transferring a 2018 tax return where "2018 Form 1040, line 10" would have been a loss if you could enter a negative number on that line.
Here is how to replicate the problem:
- start new return
- transfer a 2018 return (a .tax2018 file) where "2018 Form 1040, line 10" would have been a loss if you could enter a negative number on that line
- go to forms view, and view the "Capital Loss Carryover Worksheet" form
- in the "Capital Loss Carryover Worksheet" form, observe "2018 Capital Loss Information Smart Worksheet, D, Taxable Income" is 0 (this is incorrect; it should be the negative number from "2018 Form 1040, line 10" if a negative number could have been entered on that line)
- in the "Capital Loss Carryover Worksheet" form, observe "line 1" is 0 (this is incorrect; it should be the negative number from "2018 Form 1040, line 10" if a negative number could have been entered on that line)
