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Why are my Capital Losses (UNDER $3000) being carried over to 2023?

I have Proceeds of $988.79 and a Cost Basis of $2,087.67 for a Capital LOSS of $-1,098.88. Why is TurboTax 2022 trying to carry over all of that to 2023 and leaving some weird $2 for 2022? I do NOT have anything close to $3,000 in gains, losses, or anything. This is it. Please see screenshot. Thank you.

Turbotax Capital Loss.jpg

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3 Replies

Why are my Capital Losses (UNDER $3000) being carried over to 2023?

This happens when your AGI is very low or zero.

 

@shanesnh 

Why are my Capital Losses (UNDER $3000) being carried over to 2023?

what is on Line 11 of Form 1040?  I suspect it is zero and only $2 was required to reduce it to zerol hence the rest is carried over to 2023. 

Why are my Capital Losses (UNDER $3000) being carried over to 2023?

-100 is reported on Line 11. I had the Foreign Earned Income Exclusion as well as those Capital Losses, so I guess that would be why. Thanks 🙂

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