Solved
Turbotax 2024 won't accept correct Capital Loss Carryover
My 2023 Turbotax tax form did not have a Schedule D or worksheet as no gain/loss reported, so the carryover from the 2022 tax form was not entered, and therefore the software registered $0.00 in loss carryover for the 2024 tax calculations. We received a sizable capital gain in 2024 that would be easily offset by the Loss Carryover, and the final tax owed was well in excess of the correct amount due to software failing to incorporate offseting losses toward reported gains.
We tried to enter the Capital Loss Carryover from the 2022 return, but the software refused to accept correction, and kept listing $0.00 on form, resulting ultimately in way more taxes owed than if done with correct Loss Carryover figure.
Need to fix this!
