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Level 1

Question

capital gains

Forum|Forum|4 years ago
March 9, 2022
2 replies
0 views

When I am ask to provide my capital loss, do I put in the total carry over losses from 2020 or just the 3000.00 allowed for this 2021 year?

Level 15

Enter the entire loss from 2020. TurboTax will then calculate any loss carry over to 2022 after allowing for the $3000 maximum deduction.

Level 15

not the entire loss from 2020. that amount must be reduced by any loss actually used in 2020.