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How do you confirm your net capital loss from previous years is applied by turbo tax on line 253?

 
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CM8
New Member

How do you confirm your net capital loss from previous years is applied by turbo tax on line 253?

You will need to first ensure that you have a taxable capital gain on line 127 that is equal to or greater than the amount that you wish to claim as a net capital loss carryforward on line 253.

You can view these details on the Detailed Tax Summary section of your return.

View solution in original post

1 Reply
CM8
New Member

How do you confirm your net capital loss from previous years is applied by turbo tax on line 253?

You will need to first ensure that you have a taxable capital gain on line 127 that is equal to or greater than the amount that you wish to claim as a net capital loss carryforward on line 253.

You can view these details on the Detailed Tax Summary section of your return.

View solution in original post