Capital Loss Carryover Screen - Comparing Amounts 2021 to 2022

Forum|Forum|2 years ago
October 15, 2023
1 reply
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In TT 2022 the Capital loss carryover screens asks to compare four entries from 2021 to 2022. All entries are the same except the last - Taxable Income Form 1040, line 15. On the TT 2022 screen it shows this Taxable Income entry as a negative number while my actual 1040 line 15 shows this as zero. The negative value is correct when sub subtracting line 14 from line 11. Should I change the 2022 TT screen entry value to 0 Taxable income or leave the negative number.

Anonymous_

Level 15

Where in the program is the screen that is displaying the negative value?

Edge10Author

Level 2

It is shown on the screen: Lets get some info from your 2021 Tax Return.

Wages & income > Stock,mutual fund and other investment sales > Do you know your capital loss carry over amounts - no, lets review > Lets get some info from your 2021 Tax Return