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Deductions & credits
@sallchin wrote:I will have a net no tax due on the 2021 $90,000 because those gains were fully offset by the combination of the short and long term capital loss carryovers from tax year 2020?
That is correct, and the net, for the purposes of Schedule D in your hypothetical, will be zero.
TurboTax should handle the capital loss carryover from 2020 to 2021 properly.
May 30, 2021
9:21 AM