Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Apr 1, 2025 10:19:32 PM

It looks like a bug on TurboTax. I have an AMT long-term loss carryover from 2023. It won't let me claim the AMT loss in 2024 or carry it over to 2025.

0 3 948
3 Replies
Expert Alumni
Apr 2, 2025 8:58:28 AM

Can you clarify if you are getting a rejection or is the box unavailable?

Returning Member
Apr 3, 2025 9:14:23 PM

Hi Brittany,

After answering the interview questions in the section "Capital Loss Carryover", what I got looked like the following,

Capital loss carryover from 2023 $0

All capital losses used in 2024 $0

Remaining losses carried forward to 2025 $0

 

I do have a Net AMT long-term capital gain/loss of -$21,973.00 from 2023. Is the problem coming from the 2023 return or the 2024 return? 

 

Thank you very much!

Expert Alumni
Apr 9, 2025 4:33:12 PM

Your AMT capital loss won't be used to offset your gains on your regular income tax calculation. If you don't have any regular capital loss carryover, you won't see loss offsetting your regular capital gain.

 

Are you reviewing Form 6251 (AMT) and not seeing an adjustment for your AMT capital loss carryover?