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Question

Turbotax is telling me I have to file a Schedule D. I have no capital gains this year. The standard deduction reduces my taxable income to zero. Looks like a software bug

Forum|Forum|4 years ago
February 19, 2022
2 replies
0 views

I have a prior year loss carryover, but do not need to apply that since the SD wipes out my income. Bug?!

TurboTax Deluxe Online

Employee

TurboTax is going to generate a Schedule D if you have a capital loss carryover from the previous year, regardless.

Employee

you have to keep your carryforward losses current by sending in Schedule D every year.

I have the same problem. Turbotax says I have a capital loss to carry over, but I have sold no capital assets.

Employee

The champs are correct. You must file the sch D each year regardless of using or not using your loss. You want to continue to carry it over.

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