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rmdonlin
New Member

Having used turbotax for years, does turbotax remember my capital losses from previous years and applied them in the current year or do I need to keep track?

 
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2 Replies
jvdunn23
New Member

Having used turbotax for years, does turbotax remember my capital losses from previous years and applied them in the current year or do I need to keep track?

If you entered you information correctly when you began to use TurboTax, it will  compute and carry forward you capital gains and or losses on a continuing basis.

Having used turbotax for years, does turbotax remember my capital losses from previous years and applied them in the current year or do I need to keep track?

The carryforward worksheet is one of those that you need to keep with your important tax records. anything can happen and you may not use TurboTax forever.

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