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Investors & landlords
Okay. I think I know what's going on, but if anyone can confirm it would be appreciated. The number I am questioning is shown on the Wages & Income summary (which shows amounts for "Jobs", "Refunds", "Interest", ...) There is a line item that says "Capital Loss Carryover" with a negative value. I was assuming this is an amount that applies to this year's income (since everything else on this page does) but, in actuality, I believe it is showing the carryover amount that I will be able to apply *next* year. In my opinion, this is a pretty confusing way to present this number (assuming my interpretation is correct); TurboTax could/should have some help with this value to indicate it's meaning more clearly.
‎February 22, 2021
3:36 PM