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Get your taxes done using TurboTax
If I read your post correctly, in your 2021 tax return's capital loss carryover screen the “Capital loss carryover from 2020” line shows a negative number like -$ X, right?
You need to go back to your 2020 tax return and check the Capital gain/loss number. Is it a positive number? If so, is this number exactly the same as what showed above as $X?
If the above assumption is the case, then this is caused by the confusion of that negative number showed in the “Capital loss carryover from 2020” line. That -$X actually means that you DO NOT have a loss carryover from 2020.
April 13, 2022
7:13 AM