How do i eliminate a capital loss carryover?

[fanfare]

why do you want to do that?

[IreneS]

You can eliminate a capital loss that has been carried over by deleting the Capital Loss Carryover Worksheet.  Please follow these steps:

TurboTax Online

1. While in your return, click on Tax Tools > Tools (in the black bar at the side of your screen).  
2. In the Tools Center, under Other helpful links click on Delete a form.
3. Click Delete next to Capital Loss Carryover Worksheet and follow the onscreen instructions. 
4. Once you have finished deleting the desired form(s) click the Continue with My Return box (in the lower right of your screen).

TurboTax CD/Download

1. Go into Forms Mode by clicking on the Forms icon in the top right of the blue bar. 
2. In the Forms in My Return list on the left, click on the form you wish to open and delete.
3. Click on the Delete Form box at the bottom of the screen.
4. To return to the interview, click on the Step-By-Step icon in the top right of the blue bar.  

[redmorrigan]

This doesn't work, the forms won't delete

[sapphire4]

Because the cost to upgrade is 89 dollars (which I also have to pay tax on), and the federal tax refund from a very small capital loss carry-over is almost equal to that. I will come out on top removing that form and going with the free version.

[ZoltanB45]

From an ethical point of view, you are supposed to enter every piece of information you knowingly have. if you do not want carryovers, you can begin a new tax return with a new account without having the prior year sync in.