TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Employee

Question

How do I determine if I should check yes on Schedule D Line 20?

Forum|Forum|3 years ago
March 10, 2023
1 reply
0 views

When to check yes on Schedule D line 20?

TurboTax Online

TurboTax will do the calculation for you. To compute the federal income tax amount using the maximum capital gains tax rate, the program will use the Qualified Dividends and Capital Gain Tax Worksheet when both lines 18 and 19 are zero or blank and Form 4952 is not part of the return. Otherwise, the Schedule D Tax Worksheet is used to compute the tax amount.

4605Author

Employee

....I am trying to see where it took the carryforward into account. Where do I look in the various worksheets to see how it was taken into account. I have tried to follow through Schedule D tax calculation sheet, but I don't see it referred to anywhere there. I just want to be sure that it is being used.

4605Author

Employee

....I have used Turbotax for several years, so the data is in last year's return, which I assume it would draw from authomatically.