Capital Loss Carryforward amounts for 2022 are different than on 2021 worksheet

[baileycl]

The capital loss carryforward amount that Turbotax transferred from our 2021 return worksheet is different than the amount from the carryforward worksheet from last year.  Is that a "bug" or is there another reason it could be different??

[HelenC12]

No, there isn't a reported "bug" in TurboTax.

Do you have more than one account with TurboTax? Did you perhaps open the wrong account file?

Otherwise, review your carryover amounts that TurboTax is reporting. For the current year capital loss carryover just open your TurboTax return, search for capital loss carryover, and then click the "Jump to" link in the search results.

You can also find the carryover amount on the 2022 income tax return, look on Schedule D:

1. Lines 6, Short-term capital loss carryover, and
2. Line 14, Long-term capital loss carryover. 

Carryover losses on your investments are first used to offset the current year capital gains if any. 

• You can deduct up to $3,000 in capital losses ($1,500 if you're married filing separately). 
• Losses beyond that amount can be deducted on future returns as a capital loss carryover until the loss is all used up.

[baileycl]

Thanks for your reply.  We only have one TurboTax file.  In reviewing the carryover amounts, there are different numbers on our 2021 schedule D  than are on the carryover worksheet in the 2022 software carryover worksheet.   Specifically, the short term gain (loss) figure for 2021 that is on the smart worksheet within the 2022 software is different than what we actually reported on line 7 of schedule D in the 2021 software.  Can't figure out why it would be different.

[fanfare]

the short term gain/loss from the worksheet goes on Line 6, not Line 7

the difference comes from other lines 1-5

@baileycl 

[baileycl]

I'm not doing a very good job of explaining our problem.  Sorry!  I'll try again:

1.  The carryforward number that Turbotax has calculated from 2021 to 2022 is NOT the same as the number from the carryforward from last year's Schedule D, Line 16.  

2.  The difference appears to be in Part I of the Schedule D, line 7.  When I delve into that, there's a difference on the capital loss carryforward worksheet, line 1 that was filed last year from the same worksheet that is included in the 2022 software.  I can't figure out why there would be a difference in the two worksheets when they are supposed to be the same year's numbers.

3.  The Smart Worksheet for the 2021 capital loss carryforward included in this year's tax package has a different number in line A (which is supposed to be the 2021 Schedule D, Line 7) than was reported on Schedule D, Line 7 last year.  

Is there something the software would be including in the short term losses that would not have been calculated in the return last year?  It makes quite a big difference in our carryforward numbers for 2023.

Thanks for any help you can give.