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Capital Loss Carryforward
I earned $2,700 in w-2 wages in 2021. I am a student and claimed as a dependent by my parents so my standard deduction is $3,061. I also had $200 in short term capital losses. This reduces my AGI to $2,500 but I dont really need to use it 2021 since the standard deduction more than offsets my wages. According to Worksheet 4-1 in Pub 550, it seems like I should be able to carryforward the $200 loss but Turbotax is including it on 1040 line 7. Is there a workaround?
‎February 20, 2022
8:00 AM