Capitol Loss Carryover Worsheet Error

Forum|Forum|2 years ago
February 14, 2024
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I'm doing my federal taxes 2023 desktop version. I did the review and 2 errors were found. The software says to check this entry, Capitol Loss Carryover worksheet TY21 Schedule D AMT, I need to enter a number in line 15. It looks like it wants the AMT from year 2021 line 7 and line 15.

1-I assume I get these numbers from the 2021 tax return NOT the 2022 tax return?

2-In addition, do I insert negative sign in front of the number or just the number?

Thanks so much, Bill

Best answer by CatinaT1

Hi Catina

TT software says to check this entry, Capitol Loss Carryover worksheet TY21 Schedule D AMT, I need to enter a number in line 15.

The more I look at this I think its not asking for schedule D but Schedule D AMT. Do you agree, I mean thats exactly what its saying. My TY21 Schedule D AMT is below. It seems to make sense to me.

Yes, use the number from this form. Not everyone has an AMT Sch D, so if you have one, yes, use the numbers from that.

MarilynG

Level 15

Yes, that's correct; reference your 2021 return for the Capital Loss Carryover amounts.

For a loss, enter a negative number.

Here's more info on How to Enter a Capital Loss Carryover.

@wchowe

[Edited 2/22/2024 | 1:21 pm]

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wchoweAuthor

Level 3

Its not clear what TT is asking for

1-IF its schedule D then there is no AMT numbers to reference? Only the worksheet shows AMT numbers

2-If its the schedule D carryover worksheet then there is no line 15?

I appreciate some clarification as to what TT needs. This seems to be a shortfall of TT that it cant pull the numbers it needs automatically!

Thanks

Bill

wchoweAuthor

Level 3

Line 7 and line 15 are references to the actual schedule D NOT the worksheet. If there were no amounts on those lines in 2021 then you should enter zeroes.

@wchowe

Am I not being clear? There is no line 15 on my schedule D, so how do I access line 15s value when it's not on schedule D.