Is the capital loss carryforward being applied incorrectly?

Options
clwhite1
clwhite1 Member Newcomer

As I understand capital loss carryforwards for individuals, you can carry the loss forward indefinitely, but it offsets only net capital gains, not ordinary income. I entered my capital loss carryforward but sold/purchased -0- investments this year. So entering it should not have changed my refund amount, but it changed it immensely. I'm worried about this being incorrect.

Comments