In 2020 I had a capital loss, in 2021 I had a carryover. In 2022 I do NOT have any additional carryover. How do I remove Schedule D?

Forum|Forum|3 years ago
April 2, 2023
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TurboTax Free Edition Online

ErnieS0

Do not remove Schedule D. The IRS allows you to claim up to $3,000 per year ($1,500 if married filing separately) of capital losses against ordinary income even if you did not have any capital gains or losses for 2022.

You can continue to claim a capital loss carryforward until it is used up, either from capital gains or the $3,000 deduction.

Learn more at Topic No. 409 Capital Gains and Losses.

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pmelton34Author

Thank you for your response. The capital loss has been used up and I have nothing further to carry forward. However, on turbo tax it is using schedule D with zero as the loss and forcing me to upgrade to Premier. When I try edit, it defaults to upgrade for $89. How do I eliminate schedule D being attached?