Carryover crypto loss

[SandyOH]

Can I delete a crypto carryover loss from 2021? My 19 year old son dabbled in crypto much to my dismay and had a small loss ($113). Because of this carryover loss I cannot use TurboTax free edition to file his return. He will pay more to file then his refund. 

[fanfare · Accepted solution]

If you imported his prior tax return, you are already upgraded.

visit the IRS at https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free

to find truly free filing. Note that some include free state as well; that's important.

@SandyOH 

[fanfare]

your son should have a voice in whether his future Capital loss deduction is discarded by not reporting.

@SandyOH 

[SandyOH]

I don't remember stating that he wasn't aware of this issue but thanks for the parenting advice!