Good evening, 

I have a potential client whose tax preparer moved out of state. They would like me to do their taxes but are concerned about a capital loss the prior preparer has been carrying over/drawing down from year to year. The loss occurred from the sale of an inherited home which was then sold at a loss. I've tried to do a draft return but when I try to enter the information about the property sale, the system says that it is in error because neither the acquired date or sale date is in 2022. Any advice on how I can assist this client going forward would be very much appreciated. 

(There is still 11,845 in capital loss according to tax return filed in 2022). 

Thank you, Community! 

Dawn