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Level 2
posted Oct 15, 2023 9:57:18 AM

Capital Loss Carryover Screen - Comparing Amounts 2021 to 2022

In TT 2022 the Capital loss carryover screens asks to compare four entries from 2021 to 2022. All entries are the same except the last - Taxable Income Form 1040, line 15.   On the TT 2022 screen it shows this Taxable Income entry as a negative number while my actual 1040 line 15 shows this as zero.  The negative value is correct when sub subtracting line 14 from line 11.  Should I change the 2022 TT screen entry value to 0 Taxable income or leave the negative number.

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2 Replies
Level 15
Oct 15, 2023 11:02:20 AM

Where in the program is the screen that is displaying the negative value?

Level 2
Oct 15, 2023 12:17:12 PM

It is shown on the screen:  Lets get some info from your 2021 Tax Return.

 

Wages & income > Stock,mutual fund and other investment sales > Do you know your capital loss carry over amounts  - no, lets review >  Lets get some info from your 2021 Tax Return