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I have a 2017 capital loss carryover of 3K with no 2018 capital gains to apply it to. Can I reduce my income by 3K? if so why isn't turbotax automatically doing this?
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June 1, 2019
12:20 PM
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June 01, 2019
12:20 PM
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I have a 2017 capital loss carryover of 3K with no 2018 capital gains to apply it to. Can I reduce my income by 3K? if so why isn't turbotax automatically doing this?
Look at Sch 1 line 13 Capital loss on the 2018 return, and it will be listed there if it was transferred from prior year.
June 1, 2019
12:20 PM
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I have a 2017 capital loss carryover of 3K with no 2018 capital gains to apply it to. Can I reduce my income by 3K? if so why isn't turbotax automatically doing this?
Did you transfer in the loss form 2017 to 2018?
Have you looked at Sch 1 line 13 Capital loss on the 2018 return?
Have you looked at Sch 1 line 13 Capital loss on the 2018 return?
June 1, 2019
12:20 PM
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I have a 2017 capital loss carryover of 3K with no 2018 capital gains to apply it to. Can I reduce my income by 3K? if so why isn't turbotax automatically doing this?
Found Sc1 and it is being calculated correctly. Thank you so much, big help!!!!
June 1, 2019
12:20 PM
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I have a 2017 capital loss carryover of 3K with no 2018 capital gains to apply it to. Can I reduce my income by 3K? if so why isn't turbotax automatically doing this?
Great I am going to post a very short answer so others know this is answered.
June 1, 2019
12:20 PM
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I have a 2017 capital loss carryover of 3K with no 2018 capital gains to apply it to. Can I reduce my income by 3K? if so why isn't turbotax automatically doing this?
Look at Sch 1 line 13 Capital loss on the 2018 return, and it will be listed there if it was transferred from prior year.
June 1, 2019
12:20 PM
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