TurT123
Returning Member

Net Capital Loss Carrybacks - Not seeing change to 2021 Balance

Hi, I have capital losses that I want to apply against gains from 2018. I have put in my stock losses for this year and I go to the Net Capital Loss Carry Back screen and apply the loss amount to the year 2018 where I have the gains to apply my losses to. I would have expected to see my 2021 Balance Due increase but it does not change. Can someone give me some insight into this as I would expect to get some money back for this loss and I believe I'm entering it correctly against the gains from a previous year.  I have not done this before in terms of applying a loss to a previous years gain.

 

Thank you.