- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
So, yes you can click on the Wages and Income and get out of the loop. However, the data is wrong. It has recorded both the capital loss that I have in 2021 (that gets carried over to 2022), and as a capital loss being carried over from 2020. The first line of "Investment Income", "Stock, Mutual Funds, Bonds, Other" is the 2021 capital loss (Update goes to "Here's all the investment accounts we have so far", and Done from that gets back to "Wages & Income"). The second line of "Investment Income", "Capital Loss Carryover" shows the same capital loss, but clicking on update goes to "Did you have investment losses you couldn't claim in 2020?" and then "No" on that screen brings you to "Capital Loss Carryover Summary" which is showing a loss being carried over from 2020, which is incorrect. Again, it doesn't get into a loop at this point, but the tax return is now incorrect. Screenshots below.