Capital loss used in 2020: $2k
Loss carried forward to 2021: $0.00
Thank you for a super quick reply.
I declared $5k loss in 2019 and used $3k (married/filed jointly) loss to offset my W-2 income in 2019, thus carrying forward $2k. The way TT is presenting 2020 is almost as if I am not getting the remaining $2k as tax break against my 2020 W-2, but after digging into it and adjusting my 2019's original loss from $5k down to $3k my refund went down so I was able to prove to myself that TT is taking a deduction on the back-end, just doing a lousy job communicating it to end user.
Always print a copy of your completed tax return for your records, and review it carefully before e-Filing.
You will need it if you are audited by the IRS, or to amend if a TurboTax update changes your return or for any other reason,
AND, to verify that carryforward losses show up on Schedule D.
AND, to find your AGI next year.