Entering spouse's capital loss carry forward for first time on joint return

[jomew]

We are filing joint return for the first time in 2023. I have imported my 2022 tax return and have all my capital loss info. I understand from previous posts that I need to manually add my spouses info. I have TT for Home and Business and the first prompt is to review the info from my 2022 tax return. It shows my Schedule D data for net short-term (Sch D, line 7), net long term (Sch D, line 15), allowable loss (Sch D, line 21) and Taxable Income.

Am I supposed to update these numbers by adding my spouses 2022 data? Will it then calculate our combined loss info and carry forward? It seems like if I do this a lot of other forms will need to get updated.

Thx.

[ThomasM125]

You do need to combine your two capital loss carryovers and add them into TurboTax. It shouldn't affect other forms though, as on schedule D there are just two line entries for your previous year carryovers, line 6 for short term and line 14 for long term capital loss carryover.