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Get your taxes done using TurboTax
2021 program just came out. There will be many many updates to come.
Regarding the Capital Loss Carryover, Have you entered any current year sales yet? The carry over loss is first netted against all your sales and then if you still have a net loss you can only deduct 3,000 per year. So if you have a lot of gains it will use up your carryover loss. And be sure you are looking on the right lines. The line numbers have been changing each year now. Don't know if it will be in the same place for 2021. You can switch to FORMS mode to see the actual forms. Where on the worksheet are you seeing it?
‎November 7, 2021
10:03 AM
1,968 Views