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Skipping a year of capital loss carryover
I have a capital loss carried over from last year (2022) For tax planning purposes, I do not wish to carryover that loss to offset capital gains in the current year (2023), but instead carry it forward to use in future tax years where my tax exposure will be higher.
How do I accomplish this? The only way I could trigger Turbotax to perform this task was by zeroing out the data in the 2022 Capital Loss Information Smart worksheet and manually populating the existing data in lines 12 and 13 of the "2022" column into the "2023" column of the 2023 Federal Carryover Worksheet.
March 18, 2024
6:43 PM