Investors & landlords

Boy, is this confusing.

 

Some years back I had a big capital loss and I've been applying it year-by-year to my taxes.  I've been doing TurboTax for 4 or 5 years now.  It seems to have been working.  This year I see that 0 on the screen and I'm thinking ..what?  Maybe it's been that way before and I just didn't notice it. 

 

As you folks who have posted seem to be indicating, everything should be okay.  As I said I'm concerned about passing the amount that I'm entitled to along to next year, even if it is small at this point.

 

For 2020 Schedule D line 6 is 0, line 14 is -6,970 and line 16 is -6,972 (rounding ?).

For 2021, I'm on Desktop.  I haven't finished the return.  I went into forms (first time I ever did this) and looked at 2021 Schedule D, which is flagged as not done, but I opened it anyway.  Short term capital loss carryover for 2021 (line 6) is 0 and long term capital loss carryover for 2021 (line 13) is 1181.  The column for Alternate Minimum Tax has the same numbers as Regular Tax.  (Obviously, I don't owe alternate minimum tax.  Seems like the numbers should be 0, but maybe that's not the way it works.)