2023 Capital Gains Early Start

Forum|Forum|3 years ago
February 18, 2023
1 reply
0 views

It is mid February and I have filed my 2022 tax returns.

Entering capital gains always seems to be an adventure. My question is, would it be too early to start entering capital gains one by one into a new return for 2023? I realize that I will need to purchase a new version of TT for 2023. If I try to get an early start on 2023 now, will I be able to import my 2023 return into next year's program version, or is this a silly idea and I should wait until next year and import them all at once?

Thank you.

AnnetteB6

Although it may seem like a good idea to save time, you will need to wait until the 2023 program is available to start a 2023 return.

Anything that you enter into the 2022 TurboTax program will be saved as a 2022 tax return. That means that when that tax file is saved and imported into the 2023 program, only the basic information and possible carryover worksheets would be transferred to the 2023 return. The individual transactions that you would have entered would not transfer into the 2023 program and your 2023 tax return.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"