Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 21, 2025 10:31:27 PM

I filed 'Captial Gains and Capital Gains Deduction' Form under income when I left the 'Losses' form blank when I added it onto my return under deductions. Does it matter?

The info I put into the capital gains are all good, but seeing that I didn't need the losses form and that its pretty much the same, should I resubmit my return and remove the losses form? Im guessing it will appear as a blank page and Im curious if they will wonder why that will be empty even though the other form has info on it.

0 3 306
3 Replies
Moderator
Mar 22, 2025 4:50:55 PM

Did you have losses in 2024 or previous years? 

 

New Member
Mar 22, 2025 5:07:58 PM

Only in 2024 is when I had losses/gains. Years before never. Only started in that field yesterday. I filled out another form on Turbo where I have filled out my information, so I want to say I should be good regardless.

Moderator
Mar 23, 2025 2:53:39 PM

If the form is blank, then it's not going to do anything to your tax return. 

 

If you had a loss in 2024, there might be something on it that is going to carry forward to next year, if it can't be used on your 2024 return. 

 

Either way, you should be ok.