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Level 3
posted Mar 17, 2024 2:34:20 PM

Capital Loss Carryover Summary - odd values

I'm having trouble making sense of some of the numbers TurboTax is presenting on the Capital Loss Carryover summary.  Here's what I've got:

 

Capital Loss Carryover from 2022: -10,990 (this number is correct)

Total Gains/Losses Before Carryover: Gain 3,039, Loss -3,273 (These values don't appear anywhere in TurboTax's Investment sections. Where did it get these?)

Capital Loss used in 2023: 3,013 (Also unclear where it gets this; if I switch to Forms, I can't find this on the capital loss carryover worksheets)

Loss Carried Forward to 2024 (Likewise, no idea how they calculated this)

 

Any ideas? Thanks in advance

0 2 1786
2 Replies
Expert Alumni
Mar 25, 2024 10:08:47 AM

It's generating those numbers from entries for this year.  Are you saying that you haven't entered anything into the system yet and it is generating these numbers independently?

 

@taxes4739 

Level 3
Mar 28, 2024 8:47:42 PM

Of course I entered my numbers. I entered everything. I'm asking specifically how the values above are being calculated - 10,990 is clear, but the remaining values it shows (3,039, 3,273, 3,013) appear nowhere in any of the forms or worksheets (even if I do an "all worksheets" print to pdf). So TurboTax seems to provide no indication of how/where it's actually calculating those 3 values.