- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.)