Response to Line 13 of 1040: In my original return (where carryover losses were taken from my previous year's return), Line 13 of Form 1040 was negative 3000. But what you're saying isn't exactly correct or doesn't apply to my situation. I had a NET capital gain (that is, for the current year, after my losses were subtracted from my gains, I was left with a net gain). This net gain should be added to line 13 of Form 1040 IF I had zero carryover losses from the previous years. But, since I do have carryover losses from previous years, this year's income can be reduced by up to 3000 of losses remaining from previous years (the carryover loss). So, my expectation is that if, for example, I had $10000 in net gains, then my line 13 on Form 1040 should show a positive $7000 (10000 minus 3000). And that's not the case. See my test cases above. Another clue that something is wrong is that Part III of Schedule D is empty (that's where line 13 is computed). I'll wait for some TT updates and try again later, but if all else fails I can do my taxes manually - it's not rocket science.
