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Question about Carry-Overs from TLH
Old 07-13-2022, 03:07 PM   #1
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Question about Carry-Overs from TLH
If you do tax loss harvesting and have to carry-over excess losses (beyond the $3k allowed), who keeps a record of the carry-over amounts each year? My guess is that our accountant would do this, but what if we switched accountants and forgot to get a record of the carry-over amounts?
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Old 07-13-2022, 03:19 PM   #2
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Tax software like TurboTax will remember, but assuming you keep a copy for your records, there is a carry over worksheet that shows this.
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Old 07-13-2022, 03:22 PM   #3
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Schedule D of your filings should track it.
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Old 07-13-2022, 06:16 PM   #4
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The CPA that does my taxes has it for my account.
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Old 07-13-2022, 07:11 PM   #5
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One of the benefits of using the same tax software very year.
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