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tax Loss carry forward error

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

 

Please advise if this has been resolved.

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3 Replies

tax Loss carry forward error

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   

tax Loss carry forward error

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

tax Loss carry forward error

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