topic tax Loss carry forward error in Get your taxes done using TurboTax

tax Loss carry forward error

dhoch101 — Mon, 09 Mar 2026 13:19:33 GMT

I am following the error reported and have not seen a resolution.

Please advise if this has been resolved.

Re: tax Loss carry forward error

Mike9241 — Mon, 09 Mar 2026 16:30:39 GMT

Once you start a return, if it contains incorrect data, the only way to fix it is to do it manually. TurboTax does not compute NOL carryforwards, you need Form 172

Re: tax Loss carry forward error

dhoch101 — Mon, 09 Mar 2026 18:14:51 GMT

Hello,

The 2024 data are correct. for 2025 I had a gain of $2,942 which should have been offset my $3,000 tax loss carry forward.

We got your info from your 2024 tax return!

Here's what we have about your capital gains and losses. You can make changes later.

Info from your 2024 tax return

Edit

Net short-term capital gain/loss

$15.00

Net long-term capital gain/loss

-$16,068.00

Allowable loss

-$3,000.00

Income before exemptions

$173,820.00

Net AMT short-term capital gain/loss

$15.00

Net AMT long-term capital gain/loss

-$16,068.00

AMT allowable loss

-$3,000.00

AMT taxable income

$206,122.00

Here are your capital loss carryover amounts

We'll use this to see if you're able to offset your income.

Total

Capital loss carryover from 2024	-$13,053.00
All capital losses used in 2025 Learn more	$13,053.00
Remaining losses carried forward to 2026 Learn more	$0.00

Re: tax Loss carry forward error

dhoch101 — Tue, 10 Mar 2026 17:49:08 GMT

What is the status?