tax Loss carry forward error

Forum|Forum|5 months ago
March 9, 2026
3 replies
50 views

I am following the error reported and have not seen a resolution.

Please advise if this has been resolved.

Mike9241

Level 15

Once you start a return, if it contains incorrect data, the only way to fix it is to do it manually. TurboTax does not compute NOL carryforwards, you need Form 172

Mike9241

dhoch101Author

Level 2

Hello,

The 2024 data are correct. for 2025 I had a gain of $2,942 which should have been offset my $3,000 tax loss carry forward.

We got your info from your 2024 tax return!

Here's what we have about your capital gains and losses. You can make changes later.

Info from your 2024 tax return

Edit

Net short-term capital gain/loss

$15.00

Net long-term capital gain/loss

-$16,068.00

Allowable loss

-$3,000.00

Income before exemptions

$173,820.00

Net AMT short-term capital gain/loss

$15.00

Net AMT long-term capital gain/loss

-$16,068.00

AMT allowable loss

-$3,000.00

AMT taxable income

$206,122.00

Here are your capital loss carryover amounts

We'll use this to see if you're able to offset your income.

Total

Capital loss carryover from 2024	-$13,053.00
All capital losses used in 2025 Learn more	$13,053.00
Remaining losses carried forward to 2026 Learn more	$0.00