turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Capital Loss Carryover Summary - odd values

I'm having trouble making sense of some of the numbers TurboTax is presenting on the Capital Loss Carryover summary.  Here's what I've got:

 

Capital Loss Carryover from 2022: -10,990 (this number is correct)

Total Gains/Losses Before Carryover: Gain 3,039, Loss -3,273 (These values don't appear anywhere in TurboTax's Investment sections. Where did it get these?)

Capital Loss used in 2023: 3,013 (Also unclear where it gets this; if I switch to Forms, I can't find this on the capital loss carryover worksheets)

Loss Carried Forward to 2024 (Likewise, no idea how they calculated this)

 

Any ideas? Thanks in advance

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
RobertB4444
Employee Tax Expert

Capital Loss Carryover Summary - odd values

It's generating those numbers from entries for this year.  Are you saying that you haven't entered anything into the system yet and it is generating these numbers independently?

 

@taxes4739 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Capital Loss Carryover Summary - odd values

Of course I entered my numbers. I entered everything. I'm asking specifically how the values above are being calculated - 10,990 is clear, but the remaining values it shows (3,039, 3,273, 3,013) appear nowhere in any of the forms or worksheets (even if I do an "all worksheets" print to pdf). So TurboTax seems to provide no indication of how/where it's actually calculating those 3 values.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies