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How do I enter long and short term carryover losses when turbo tax is not reading my 2021 return?

Help resonse said to open my current return but I cannot do that--only a PDF
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5 Replies

How do I enter long and short term carryover losses when turbo tax is not reading my 2021 return?


@ georgeviens701 wrote:
How do I enter long and short term carryover losses when turbo tax is not reading my 2021 return?
Help resonse said to open my current return but I cannot do that--only a PDF

We can give you the navigation steps to do that.

 

Which is your situation?   Have you already filed your return, or is it still in the preparation stage (hopefully) and has not yet been filed?

 

If you're still preparing the return, when you go to the Tax Home, does TurboTax think you were finished and the return interview is closed?  If so, we can tell you how to open it back up to continue the return and how to get to the right section.

 

If you have already actually filed the return, then your task becomes more complicated.

 

How do I enter long and short term carryover losses when turbo tax is not reading my 2021 return?

First, thanks for helping

I have not filed (program waiting for command)

I am too old for this aggravation

Can you tell me how to enter these losses to cover my gains?

How do I enter long and short term carryover losses when turbo tax is not reading my 2021 return?


@ georgeviens701 wrote:

First, thanks for helping

I have not filed (program waiting for command)

I am too old for this aggravation

Can you tell me how to enter these losses to cover my gains?


 

Here's how to navigate so you can enter capital loss carryover from your 2020 return:

 

First, you have to open your unfiled return interview back up.

At the Tax Home or in the section "Your Tax Returns & Documents" look for a link "Add a State" and click.  That doesn't really add one, but it opens the unfiled return back up.

 

  • Once the return interview is open, you should have a full left column menu.
  • Go to the left column menu and click on TAX TOOLS, then in a submenu you can click TOOLS.
  • In the Tools window choose the blue button TOPIC SEARCH.
  • In the search line enter the exact phrase capital loss carryover without quotes.
  • In the results list select capital loss carryover (it may already be highlighted) and click GO.

How do I enter long and short term carryover losses when turbo tax is not reading my 2021 return?

That worked--THANK YOU

If you are ever in Portland OR I'll take you to dinner

How do I enter long and short term carryover losses when turbo tax is not reading my 2021 return?


@georgeviens701 wrote:

That worked--THANK YOU

If you are ever in Portland OR I'll take you to dinner


  😊   You're welcome.  I'm glad you were successful!  Good luck.

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