I am using turbotax home and business, and afaik you are only allowed to deduct up to 3k in carryover losses. I had some major stock losses in previous years, so I have a carryover deduction over 40k+. This year, I have stock gains ~20k+, but instead of deducting only 3k, it appears to be deducting the full gains of 20k+.
Because of this, I was expecting to have to pay a lot of taxes this year, but instead turbotax is telling me I get a refund. This looks like a bug in the program, can the dev team verify? I want to make sure I'm sending in the right tax values before submitting my tax form
