If you want to use or carry forward your unused capital loss from 2021 in TurboTax Online, please do the following:
In the first part of the Net Capital Loss Carry Forwards section, it asks you for the unused losses from previous years, then on the next page it will ask you how much of those losses you want to use on your 2022 return. If you can't use the losses in 2022, just leave the amount as zero, and the losses will carry forward indefinitely.
If you want to use or carry forward your unused capital loss from 2021 in TurboTax Online, please do the following:
In the first part of the Net Capital Loss Carry Forwards section, it asks you for the unused losses from previous years, then on the next page it will ask you how much of those losses you want to use on your 2022 return. If you can't use the losses in 2022, just leave the amount as zero, and the losses will carry forward indefinitely.
I am using the Windows version. I have my NOA from 2021 along with the records of all prior years on CRA (carry forward section). How do I enter this into Turbo? Thanks.
@Bryan_Tax The above instructions for TurboTax Online are pretty much the same for TurboTax CD/Download EasyStep mode, except you may have to scroll further down the list in the search to find "Net Capital Loss Carry Forwards".
In Forms mode you would use the Losses worksheet.
Excellent answer. Best of all, it worked! Thanks
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