Capital loss not showing

$3K based on that $8K should show on page 1 of the 1040, IRS requirement. however, if you remove the capital loss and have negative taxable income, none of that loss is actually used but ends up being a carryforward.

 

Thanks so much.

I am just filling out the Turbo Tax form as instructed. I didn't remove any capital loss. And I don't know if it showed on 1040, as I never see the forms untilI have paid and filed.

Would Turbo Tax somehow removed the 3K?

Or, if you mean would I have negative income if that was removed, no I would have positive income. (either way). But for whatever reason, the 8K capital gain loss is all being carried over to 2023.

Any other ideas?

Thanks!

Yes, you can preview your 1040 prior to paying for the software.

You can preview your tax return by going to:

 

1. On the menu bar on the left that shows.
   1. My Info
   2. Federal
   3. State
   4. Review
   5. File
2. Select Tax Tools
3. On the drop-down select Tools
4. On the popup menu
5. Select View Tax Summary
6. On the left sidebar
7. Select Preview my 1040.
8. Line 7 is Capital Gain/Loss
9. Schedules 1,2&3 are included if you scroll down past your 1040.
10. To return to the entry screens press Back on the sidebar.

Some key numbers on your 1040 tax return are:

Line 15 - Taxable Income

Line 24 - Total Tax.

Line 25 - Withholdings.

Line 33 - Payments including Credits.

Line 34 - Overpayments.

Line 37 - Tax owed.

I will try this out tomorrow.

Thanks so much for the info!

Hey I tried it and it worked. 

Thanks for taking the time.

This was very helpful!