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Investors & landlords
Unless you are looking at your actual tax forms, you cannot be sure that there is a problem with the carryover amount. The end result of any stock/mutual fund/bond sales may be a negative number as shown on the TurboTax screen, but that negative number could be offset by other items reported on the Schedule D in such a way that some of the losses are used to offset a positive value, leaving a smaller negative number to be carried over to next year.
Take a closer look at your Schedule D to see the losses from your stock/mutual fund/bond sales and take note of possible gains reported on line 4, 5, 11, 12, and 13 which may be offset by the some of the losses.
If you are using TurboTax Online, you can print your Schedule D after your TurboTax fee has been paid. Or, if you are using TurboTax Desktop, click Forms at the top of the screen and look for Schedule D in the forms listed on the left side of the screen.
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