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How do I enter loss carrybacks against capital gains from prior tax years?
March 7, 2023
9:38 PM
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Investors and rental owners
Here are the steps to carry back a net capital loss using Turbo Tax:
- Select Find and enter losses in the search bar
- Select Losses from the search results, then Go
- Select the Request for Loss Carryback box
- Select Continue until you reach the Net Capital Loss Carrybacks screen
- The maximum net capital loss that you can carry back is listed. Enter the amount(s) you wish to carry back for each applicable year, then select Continue
Thank you for choosing TurboTax.
March 11, 2023
5:18 PM