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Re: Capital loss carryover

I had a capital loss of $203 for TY2021, which was calculated by TurboTax and used to reduce my total income for that year.  TurboTax is displaying a capital loss carryover credit for TY2022 despite the fact that the loss was already used on last year's return (done on TurboTax).  When I attempt to zero it out, the system tells me that I have to upgrade to Premium.  I am using the Deluxe edition this year because I don't have anything other than income and RMDs to report.  I do not have any transactions to report on a Schedule D for TY2022!!  Please advise how this credit can be removed.

 

Thank you.

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2 Replies
MayaD
Expert Alumni

Re: Capital loss carryover

To delete your capital loss carryover :

  1. Select Federal, then Wages & Income 
  2. Scroll down and select the Show more dropdown to the right of Investments & Savings 
  3. Select  Start or Revisit next to Capital Loss Carryover
  4. On the screen,  Here's what we have, select the Edit link on the right
  5. Make any changes necessary, then select Continue
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Re: Capital loss carryover

Hello MayaD,

 

Thank you much!!  I appreciate your guidance.

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