Bottom Line (Tax Summaries)

[hungrypaprikas]

Hello

I'm using the 2024 Turbo Tax version, and I cannot find the bottom line (tax summaries) which shows the carry forward amounts. Please can you advise where to find this under the new 2024 version?

[TurboTaxVeronique]

Can you please specify which type of software you are using? Is it TurboTax Online or Desktop?

Thank you for choosing TurboTax.

[hungrypaprikas]

Turbo Tax Online.

In the 2023 (and older versions), I used to be able to see "Bottom Line (Tax Summaries)" and "Transfer for Next Year Summary" under the Review section.

In the 2024 version, it seems I cannot access these anymore? It seems I can only see "View detailed summary" located at the top of the page, which doesn't have the carry forward amounts.

Thank you

[TurboTaxVeronique]

In the detailed summary, you have the amount for Non-capital losses of other years (line 25200) and Net capital losses of other years (line 25300). 

To have an amount displayed on one (or both) of these lines, you have to fill out the Losses profile for 2024. You will have to select what's applying for your losses profile and then continue. Follow the steps and, as soon as the profile is completed, the amount will show at the proper line on the detailed summary.

The navigation in TurboTax Online 2024 has been reviewed to improve the experience for our customers, and it is possible that some of the features you are used to are no longer available. We value your opinion and we'll share this information with the proper TurboTax team

Thank you for choosing TurboTax.

[hungrypaprikas]

It would be great if you're able to restore this feature as it would enable us to easily view the carry forward amounts, which is very useful. 

[TurboTaxBrenda]

If you go to the review section, you will be able to view what will be carried forward. Below you will see the screenshot on what to click on to view it. 

Thank you for choosing TurboTax.

[hungrypaprikas]

Thanks, that's what I was looking for, but I can't find this page?

When I go to review, I only see the image below. When I click continue it takes me to error/warnings review page.

[TurboTaxBrenda]

Yes, it is way after that—you will need to continue 🙂 

[hungrypaprikas]

would it be after the section where I have to certify personal information (see image below)? I didn't want to certify yet as I thought this generally right at the end. 

[TurboTaxBrenda]

Yes, click on Yes, I certify. On the next page, it will ask if you would like to purchase Audit Defence. The next page you will click on Continue, and you will be at the page "Let's Review Your Numbers." On the bottom of that page is where you will find the 'See Info to carry forward'.