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Capital Loss Carryover

Forum|Forum|4 years ago
March 23, 2022
1 reply
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Hello...

Our Capital Loss Carryover is not showing up on the Income Summary.

Turbo Tax says... "Good News. Your capital loss was used to help reduce your income."

The amount under Federal Tax Due does not change.

Thank you

Best answer by JohnB5677

Please confirm the posting on your 1040

If on Desktop CD/Download go to FORMS and check your 1040 line 7

If in the Online version go to

On the menu bar on the left that shows.
1. My Info
2. Federal
3. State
4. Review
5. File
Select Tax Tools
On the drop-down select Tools
On the popup menu
Select View Tax Summary
On the left sidebar
Select Preview my 1040

Again review line 7

JohnB5677Answer

Please confirm the posting on your 1040

If on Desktop CD/Download go to FORMS and check your 1040 line 7

If in the Online version go to

On the menu bar on the left that shows.
1. My Info
2. Federal
3. State
4. Review
5. File
Select Tax Tools
On the drop-down select Tools
On the popup menu
Select View Tax Summary
On the left sidebar
Select Preview my 1040

Again review line 7

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