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Get your taxes done using TurboTax
OK - so it sounds like you're saying if I have $10,000 of Section 1256 capital losses this year, then for next year - I have $4,000 of short term capital loss carryforward and $6,000 of long term capital loss carryforward?
I can see now that when I change my section 1256 capital loss carryforward number that it does change the total capital loss figure - but I cant find a way to see the capital loss broken down in TurboTax into short and long term losses to verify that the 60/40 split is happening. When I click on the Capital Loss figure, it doesn't parse it out for me at all
‎October 6, 2021
4:58 PM