Line 1 on the Capital Loss Carryover Worksheet is wrong. The worksheet reports the amount as Form 1040 Line 11b minus Form 1040 Line 12e. The calculation should be Form 1040 Line 11b minus Form 1040 Line 14. Hopefully, one of the TurboTax employee Experts can report this to TurboTax and get this...
The Capital Loss Carryover Worksheet is a TurboTax form that is created within your return to calculate amounts displayed on actual IRS forms. This worksheet is part of your tax file for last year but may not have been printed when you finished your return.
Where do I find my Capital Loss Carryover Worksheet from a prior year?
Since I had more than $3000 worth of losses in 2022, I may have to do a carryover multiple times. I know that Capital Loss Carryover Worksheet is one way to track that. 1. But does TurboTax generate that worksheet for you? 2. Is the worksheet submitted to the IRS along with the 1040 form? 3. If we ...
Solved: Do I submit Capital Loss Carryover Worksheet or is it just for ...
The difference between line 16 and 21 is the carryover loss for next year. There is also a Carryover Worksheet showing the carryover from the prior year and the current amounts. Then there is also the Capital Loss Carry Forward worksheet showing the amount transferring over to next year.
The California capital loss carryover from 2022 will be reflected on your 2022 California Capital Loss Carryover Worksheet. The amount on line 8 is your capital loss carryover amount for 2023. Therefore, you will need access to your 2022 California state return to find this worksheet and determine the correct amount to enter into TurboTax for your 2023 tax return. If you are using TurboTax ...