I realize that this is an old thread, but I am running into similar difficulty with capital loss carryover not carrying over. I want to make certain that I understand the limitations of TurboTax correctly, because they seem unbelievable.
1. It appears that if even one tax year shows no capital gains or losses, all capital loss carryover from prior tax years disappears into the ether.
2. Users of TurboTax must keep track of their own capital loss carryovers, and all of the related capital transactions, because the TT product deletes prior carryover data if a single tax year sees no capital gains or losses.
3. If the TT program asks users to re-enter the details for past carryovers, we have to dig out a decade or two of tax returns and enter all the information AGAIN. Or we can try to "manipulate the program" into taking a single carryover value without substantiation, as one respondent suggested.
If my perceptions are accurate, it's insane. We are paying for a product that (allegedly) maintains *all* of our tax records in a single, secure, digital location. However easy or difficult it is for a TT user to track down and re-enter the information needed to apply a capital loss carryover is irrelevant. We are paying TT to do this record keeping for us.
I hope that Intuit realizes the absurdity of this deficit in their program and rectifies it promptly.
