Solved

I forgot to carry over 2013's loss to 2014, can i carry it to 2015? if so what edition of turbo tax should I purchase this year?

Forum|Forum|6 years ago
May 31, 2019
2 replies
0 views

No text available

Best answer by bwa

I assume you're talking about a capital loss carryover. Unfortunately, you can't pick the year. They must be carried to each year in succession. If you missed a year, you would need to go back and amend that return.

B

bwaAnswer

I assume you're talking about a capital loss carryover. Unfortunately, you can't pick the year. They must be carried to each year in succession. If you missed a year, you would need to go back and amend that return.

W

wu99Author

Thank you.

Critter

Here is the new info about 2015 products and the differences you need to be aware of between the Online and desktop (CD/download) versions…. http://blog.turbotax.intuit.com/uncategorized/turbotax-restores-popular-forms-to-desktop-software-2-20330/

In the desktop products for 2015 (CD/download), all of the editions can handle all the forms as they did prior to 2014. The limitations of the 2014 product have been removed. The desktop editions all handle the same forms, but the differences are mainly due to the amount of help and guidance. Basic Edition does not have a state program included, and Deluxe can come either with or without a State program (if purchased from TurboTax, it has a state program). Deluxe or higher is required to import from ItsDeductible.

The 2015 Desktop software (CD/Download) can be purchased from TurboTax at the following link :

https://turbotax.intuit.com/personal-taxes/cd-download/

Basic doesn’t include a state program (it is an extra cost) however the Deluxe version or better does include one state program.

You can efile up to 5 federal returns for free however there is an extra cost to efile each state return (mailing them is free).

In the Online editions, however, form limitations still exist. Online Premier or higher is required for Schedule D and E and for reporting K-1's. In the online version, Home and Business is required for Schedule C or F.

The 2015 Online version can be purchased here:

https://turbotax.intuit.com/personal-taxes/online/

Make sure to purchase the correct program since the Online program has limitations. Here is a short list of some common tax situations and the online products that now uniquely support them:

· Itemized Deductions (Schedule A/1040)- Deluxe, Premier, and Home & Business

· Capital Gains or Losses (Schedule D) - Premier and Home & Business

· Rental Income (Schedule E) - Premier and Home & Business

· Net Profit from Business (Schedule C-EZ) - Deluxe, Premier, and Home & Business

· Profit or Loss from Business (Schedule C) - Home & Business

The online program only completes one return per user ID and the state program is an added cost however you can efile the federal and state returns for free.