There are many types of carryforwards in the tax code. In order to accurately address your concern, please respond back with more details on your carryforward loss.
While you are awaiting a response, may I recommend that you look at your tax forms in TurboTax? This may help you determine if the loss was actually documented on your return.
Here’s how to do this in TurboTax online:
- In the left-hand menu bar, click on Tax Tools, then click Tools.
- Under Other helpful links, click View Tax Summary.
- Your Tax Summary will be displayed. In the left-hand menu bar, you will see a new option: Preview My 1040. Click it, and this will allow you to see the forms. Use this diagnostic tool to check to ensure your capital loss carryforward was entered properly.
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