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Do wash sales end up in "capital loss carryover" on turbotax?
I have a rather large "capital loss carryover" amount showing up in turbotax. I took about 44K in combined long term/short term losses in '21. However turbotax is only applying -24K of that to stocks. Then applying about 21K to "capital loss carryover". my income, between unemployment and dividends, is more than 44K. I did have 2 wash sales (i didn't realize at the time) that added up to about 20K in losses. The math doesn't add up exactly, but does turbotax take wash sales and apply them to the "capital loss carryover" column? because otherwise i can't figure out where that number would come from. also, is the "wash sale disallowed" number on tax forms already removed cost/proceed figure on those tax forms? i assume cost
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March 3, 2022
10:59 AM