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Question

Why did TurboTax apply $3003 capital loss for year 2023

Forum|Forum|2 years ago
March 17, 2024
1 reply
0 views

I had a capital loss of well over $3000 in 2023. TurboTax showed that -$3003 Capital Loss Applied in 2023.

Isn't the limit $3000 per year for Capital Loss?

Employee

Check your 1099DIV dividends or K-1 for any capital gains. Seems you had $3 of capital gains. Is 1040 line 7 -3,000?

Line 7 of 1040 (and Schedule D) shows -3000.

I have $36 Ordinary Dividends. So it's weird that the number is neither—$3000 nor—$3036 but—$3003.

Employee

No not dividends but on the 1099 DIV check box 2a for Capital Gains Distributions.