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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.
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ā€ˇFebruary 21, 2022
10:50 AM