My 2020 Taxes had a $28,154 loss on line 8 of the Capital Loss Carryforward worksheet, but no value on line 9 and zeros on the remaining lines. As a result, in 2021 I didn't have any losses carried forward.
Now, while doing my 2022 taxes the question comes up again and I have a large gain and nothing to offset it, yet I only used $3K of the loss in 2020.
Why didn't my loss automatically get carried forward in 2020 on my return? I use TurboTax Home & Business as I do consulting work.
At this point, do I need to go back and amend prior year returns in order to capture things properly? Has this always been an issue with Turbo Tax?
Thank you for any help.
