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New Member
posted Mar 20, 2025 2:11:32 PM

Why are the numbers wrong in the Capital Loss Carryover? Serious issue!

The software copied the same starting value from the previous year instead of using the final value.

0 2 1251
2 Replies
Level 15
Mar 20, 2025 2:13:53 PM

Could you have had a negative AGI or negative taxable income?  it will show up on 1040  BUT it won't reduce the carryover to the next year.

New Member
Mar 20, 2025 2:20:29 PM

Nope, in 2022 losses of 579K,  2023 gains knocked that down to 398 but this year's TurboTax loaded back in the 579 number for the calculations.  Major mistake.