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joe n
Returning Member

Carryover mistake by TurboTax. Will it self correct next year?

Turbo Tax doubled my state carryover from 2019 to 2020. Was expecting a $1k+ refund but now have $0 refund and a reduced carryover for next year. Nothing had to be done on my part but will this correct itself in 2021 or does TurboTax just rely on past info for 2021 filing?

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2 Replies
MarilynG1
Employee Tax Expert

Carryover mistake by TurboTax. Will it self correct next year?

What type of carryover?

 

It sounds like you were able to use all or part of your carryover from 2019 on your 2020 taxes.

 

This would reduce your carryover amount for 2021. This would happen automatically if you use TurboTax and transfer your return each year. 

 

When you Print/View/Save your return, review the Federal Carryover Worksheet or the Capital Loss Carryover Worksheet to verify this. 

 

If you see an amount in the 2019 column, and a different amount in the 2020 column, part of your 2019 carryover was used on your 2020 return. 

 

Since we can't see your return in this forum, you can request Phone Support or an Offline Review if you still need help with your return. 

 

Click this link for info on Loss Carryovers

 

 

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Carryover mistake by TurboTax. Will it self correct next year?

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