Federal Taxes or Personal (Home & Business)
Wages and Income
Then scroll down to Investment Income
Capital Loss Carryovers - Click the Start or Update button
You enter the full amount that carried over, not just the 3,000
😀😁😎Ding, Ding, Ding!!!!! This is exactly the specific information that my original post was asking for! Thank you VolvoGirl. You nailed it.
I had already entered my correct Capital Loss Carryover from 2019 into TT 20220 via the blank Capital Loss Carryover Worksheet (Cap Ls Wks in menu) via the Forms Mode. Now, following your supplied path in the TT step-by-step process that I was asking for, got me to this info in step-by-step. It had the same (corrected) info I had entered via the Forms Mode! Yea!! I guess Form Mode updates revise the step-by-step area and if updates (or original entries) are made in step-by-step, that of course fills in the forms that live in the background. Glad to have this double check to confirm the 2020 TT software matches in both areas.
From your description, I now know when I often see 'go to Federal Taxes' (which is not a choice in my H&Bus. desktop for Mac version), for me it means go to PERSONAL. Big bonus points for that tidbit GF. ;o)
Thank you again.
@xmasbaby0 was that answer for a different post?
xmasbaby0, No. VolvoGirl answered the second sentence in my original post, the entire point of the thread. "How/where can I change the 2020 carried over LT Capital Loss to reduce it by the 3,000 deduction taken for 2019. " She shared the path in the step-by-step 2020 TT interview that I was specifically needing. I learned that it IS OK to enter data into forms in Forms Mode, at least in places that don't interact with too many forms, maybe.
