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March 22, 2025
Question

I filed 'Captial Gains and Capital Gains Deduction' Form under income when I left the 'Losses' form blank when I added it onto my return under deductions. Does it matter?

  • March 22, 2025
  • 1 reply
  • 0 views
The info I put into the capital gains are all good, but seeing that I didn't need the losses form and that its pretty much the same, should I resubmit my return and remove the losses form? Im guessing it will appear as a blank page and Im curious if they will wonder why that will be empty even though the other form has info on it.

    1 reply

    TurboTaxSusan
    March 22, 2025

    Did you have losses in 2024 or previous years? 

     

    March 23, 2025

    Only in 2024 is when I had losses/gains. Years before never. Only started in that field yesterday. I filled out another form on Turbo where I have filled out my information, so I want to say I should be good regardless.

    TurboTaxSusan
    March 23, 2025

    If the form is blank, then it's not going to do anything to your tax return. 

     

    If you had a loss in 2024, there might be something on it that is going to carry forward to next year, if it can't be used on your 2024 return. 

     

    Either way, you should be ok.