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Question

I don't need my schedule D loss carryover and I want to file my return for free. How do I eliminate it on the software?

Forum|Forum|3 years ago
April 17, 2023
1 reply
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TurboTax Free Edition Online

It depends. You can start a new return, under a new user name to create a return without your capital loss carryover.

CAUTION: I would not advise you to do that. If you choose not to continue to carry your Schedule D loss over, then you will lose it for the future. It's important to continue to bring this forward on each new year to be able to use it up and keep as much of your tax dollars as you can. This is available until you use it up but only if you keep it moving forward.

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