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wcarpus
Returning Member

capital gains

When I am ask to provide my capital loss, do I put in the total carry over losses from 2020 or just the 3000.00 allowed for this 2021 year?

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2 Replies

capital gains

Enter the entire loss from 2020. TurboTax will then calculate any loss carry over to 2022 after allowing for the $3000 maximum deduction. 

capital gains

not the entire loss from 2020. that amount must be reduced by any loss actually used in 2020.

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