topic Why are my Capital Losses (UNDER $3000) being carried over to 2023? in Get your taxes done using TurboTax

Why are my Capital Losses (UNDER $3000) being carried over to 2023?

shanesnh — Tue, 24 Feb 2026 07:29:28 GMT

I have Proceeds of $988.79 and a Cost Basis of $2,087.67 for a Capital LOSS of $-1,098.88. Why is TurboTax 2022 trying to carry over all of that to 2023 and leaving some weird $2 for 2022? I do NOT have anything close to $3,000 in gains, losses, or anything. This is it. Please see screenshot. Thank you.

Re: Why are my Capital Losses (UNDER $3000) being carried over to 2023?

fanfare — Sat, 02 Sep 2023 11:14:20 GMT

This happens when your AGI is very low or zero.

@shanesnh

Re: Why are my Capital Losses (UNDER $3000) being carried over to 2023?

NCperson — Sat, 02 Sep 2023 14:49:59 GMT

what is on Line 11 of Form 1040? I suspect it is zero and only $2 was required to reduce it to zerol hence the rest is carried over to 2023.

Re: Why are my Capital Losses (UNDER $3000) being carried over to 2023?

shanesnh — Mon, 04 Sep 2023 07:35:58 GMT

-100 is reported on Line 11. I had the Foreign Earned Income Exclusion as well as those Capital Losses, so I guess that would be why. Thanks 🙂