Turbotax is telling me I have to file a Schedule D. I have no capital gains this year. The standard deduction reduces my taxable income to zero. Looks like a software bug
I have a prior year loss carryover, but do not need to apply that since the SD wipes out my income. Bug?!
041595
4 Replies
Anonymous_
Level 15
Feb 19, 2022 10:03:10 AM
TurboTax is going to generate a Schedule D if you have a capital loss carryover from the previous year, regardless.
fanfare
Level 15
Feb 19, 2022 3:19:11 PM
you have to keep your carryforward losses current by sending in Schedule D every year.
M144
Level 1
Apr 11, 2022 12:27:28 PM
I have the same problem. Turbotax says I have a capital loss to carry over, but I have sold no capital assets.
AmyC
Expert Alumni
Apr 13, 2022 9:05:04 AM
The champs are correct. You must file the sch D each year regardless of using or not using your loss. You want to continue to carry it over.