How do I stop TT from using my loss carryover?

Hello:

I am retired and live off my investments. In 2021 my rental units lost -$7,000 while my financial investments had a short term gain of $9,000, so my total income this year is $2,000. Meanwhile, I just sold the apartments this year (2022) for a healthy gain. TurboTax is using up $9k of my short term capital loss carryovers to reduce my tax for 2021 instead of just letting my standard deduction absorb my paltry earnings. How do I tell the software to save that loss for 2022?

Thanks!

237

Level 15

Mar 28, 2022 7:56:16 AM

You can't. That's the way the IRS rules say it must be treated.

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How do I stop TT from using my loss carryover?