Thank you VolvoGirl. I appreciate your taking the time to reply. It doesn't really answer my question though. In the Capital Loss Carryover Section, TurboTax prompts one to enter: 2023's 1040 line 15 as well as 2023's Schedule D lines 7, 15, and 21 (along with AMT Schedule D amounts if applicable). Based on that, TurboTax calculates the Capital Loss Carryover from 2023. However, the amount TurboTax calculates does NOT match the amount from 2023's Capital Loss Carryover Worksheet (IRS Publication 550). The Capital Loss Carryover Worksheet takes into account situations (e.g. zero taxable income) which result in no capital loss being used in a year (e.g. 2023) and so the amount of the capital loss carryover from the previous year (e.g. 2022) is the same as the remaining loss carry over to the following year (e.g. 2024). Whereas TurboTax seems to be assuming capital loss was used in the previous year and so the amount it understands as being capital loss carryover from 2023 to 2024 is too low.
