turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

wbryant15
New Member

Capital gains

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???

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies
DavidS127
Expert Alumni

Capital gains

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
edshaw
New Member

Capital gains

I have entered my information from 2018 with a loss carry forward of $16000 (approximately).  Yet, the $3000 does not register. What is happening?

edshaw
New Member

Capital gains

I have done all that.  Yet, the loss still comes out as zero.

edshaw
New Member

Capital gains

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.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question