Loss Worksheet Issue

[Robert_Gibbs]

On the "Loss Worksheet," net capital losses of other years should not automatically be applied/claimed against current year taxable capital gains (line 7).

This is an optional amount and may not need to be (fully) utilized to reduce taxable income to zero, or the taxpayer may wish to carry forward the net capital losses of other years to future years.

The amount(s) to claim should be user input, not auto calculated by the software.

This issue has carried over from at least the 2024 tax year and software. 

[TurboTaxSusan]

You can change the amount of Net Capital Loss being claimed in the first box to the left of #7.

[Robert_Gibbs]

Thank you for that.

I will try that this tax year.

[Robert_Gibbs]

Will that work with a zero value?

[TurboTaxAniqua]

Yes, it will.