u/Square-4642

▲ 4 r/TurboTax+1 crossposts

how to update capital loss for 2025 return after amendment of 2024 tax

I amended tax return of 2024, had forgotten to include one of the capital gain from investment account. The amendment resulted in the change of capital loss for 2024 (something like I had 5k capital loss carry over i had used in 2025 but after the amendment the carry over amount that i should be using is just 3k).

Now i need to update the capital loss carryover for 2025 and amend 2025 return as well, below are my understanding and questions. any help would be apprepcaited.

  1. is there a way to ask turbo tax to automatically import the updated carryover numbers? (all the tax filings and amendment where done in turbotax)

  2. i see one manually editing options on carry over section where i need to provide both short term and long term loss amount (before 3,000 allowed loss used in 2024). but i'd prefer auto import if available.

Any other things i need to keep in mind?

Thanks.

reddit.com
u/Square-4642 — 12 days ago