Hi - I have the same problem as mhe8888.
I use online version for the Turbotax premier and I have two issues:
- I can’t use “capital loss carryover from 2020” in my 2021 return although I have more than -$3K in capital loss carryover from 2020” balance (I mean more negative than -$3K).
- “Loss carried forward to 2022” balance is zero although I have more than enough negative balance to carry forward to 2022
What am I doing wrong?
Here is what I see in the capital loss carryover screen:
“Capital loss carryover from 2020” line shows -$X (It’s imported from last year’s return automatically and the number is correct. X is more than $3K)
“Capital loss used in 2021” line shows $X (which is “capital loss carryover from 2020” balance but it’s a positive number). $X is larger than $3K so I'm not sure if that make sense because should be at most $3K
Loss carried forward to 2022 line shows zero (although I have more than enough negative balance to carry forward)
When I continue, the new screen tells me I got a tax break and actually I didn't. The following window is income summary and my capital loss carry forward seems zero there and it's not correct (I can see the previous 2020 carry forward amount and it's correct)
