Q. I found that my 2021 and 2022 tax forms didn't show the correct carryover capital loss. Wondering how to fix this so that it is taken into account for my 2023 tax filing?
A. You manually calculate the correct carry over amount. TurboTax should give you a pop up box or the amount it calculated. You can override the amount in that box, with the amount you calculate.
If you don't get the pop up box,
In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in Home & Business)
- Wages & Income
Scroll down to:
-Investment Income
-Capital Loss carryover
Enter the amount you calculated there
