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capital loss carryover
My child has a capital loss carryover. Child has dividends and interest (no earned income and no capital gains). Tax owed is zero.Turbo tax is reducing child's capital loss carryover by the amount of taxable income child has. Why do I need to reduce the carryover if it provided no tax benefit as no taxes were owed. Would the answer be different if had capital gains not interest and dividends?
ā€ˇFebruary 11, 2021
1:17 PM