Question

Capital gains TY2019 Error for summation with offsetting Cap Loss carryfwd

Forum|Forum|6 years ago
March 1, 2020
2 replies
0 views

TT Premier incorrectly pulls gross cap gains into income even though the worksheet shows the capital loss carry forward correctly. This is an error in Turbo Tax premier and needs fixing.

Capital Gains

N

NCPERSON1

can you be more specific?

do you have a long term loss carry forward or a short term loss carry forward or both?

and is the gain short term or the gain long term?

can you please provide a number for each bolded item?

if you have a short term gain, you can't use a long term loss carry forward to cover that. is that possibly the issue?

Critter

Employee

This is not the first post on this issue in the last few days ... it is a bug that may be worked out soon ... call TT support for assistance in getting a workaround for this situation ...

The best and most efficient way for you to connect with the right person to get the help you need is to select the version you are using below.

We're open daily from 5 AM to 9 PM PT.

TurboTax Online

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B

BrendanM

To help you... can you provide some data points?

Last year's Schedule D, lines 7, 15, 21. If they're negative amounts, please prepend a negative sign.

Form 1040, line 7.

Current year gains or losses