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Investors & landlords
Thank you for the detailed response. I am still not sure what to do for next year. My Federal Carryover Worksheet shows a $3,000 reduction of my new short term capital loss, and an unchanged amount for the older long term capital loss. I would have wanted the long term loss to be offset instead of the short term loss. Also, I checked all the forms and turbo tax 2022 shows the long term loss to be my husband's. So why is the long term loss on both the Capital Loss Carryover and Federal Carryover worksheets? Would I be wrong to use the entire short term capital loss from this year, and not the reduced amount on my worksheets? Either way, I plan to zero out the long term loss - something Turbo Tax should have done since I reported the death of my husband on this return.