I am getting an error message on my review "net capital losses carrying fwd cannot be greater than your taxable capital gains". They are not. They are equal to. Therefore I should not get the error. Do I ignore???
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Review the entries for the transactions that generated capital gains and losses in 2019. You should not be reporting capital gains taxed in 2019 if you have a carryforward of net capital losses to 2020. The capital losses and net capital loss carryforward from 2018 should be used to offset any taxable gain in 2019 (plus another $3,000 of net capital loss allowed in 2019) before the carryforward to 2020 is calculated.
I have entered my information from 2018 with a loss carry forward of $16000 (approximately). Yet, the $3000 does not register. What is happening?
I have done all that. Yet, the loss still comes out as zero.
I solved the problem. Where it says Taxloss from 2018, I type a positive number. I needed to make it negative. The caption should have made this clear.
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