Skip to main content
February 28, 2025
Solved

Can I carry over the remainder of a loss to my 2024 tax return? In 2023, I had a loss of $6257 (Line 16), but I was only able to claim $3,000 (Line 21) of it as a loss.

  • February 28, 2025
  • 1 reply
  • 0 views
The line references above are from Schedule D.
    Best answer by VolvoGirl

    Yes.   If you transferred your prior return it should be already filled in.

     

    Enter a Capital Loss Carryover under

    Federal Taxes or Personal (Home & Business)

    Wages and Income

    Then scroll down to Investment Income

    Capital Loss Carryovers - Click the Start or Update button

    You enter the full amount that carried over, not just the 3,000

     

    1 reply

    VolvoGirl
    VolvoGirlAnswer
    Employee
    March 1, 2025

    Yes.   If you transferred your prior return it should be already filled in.

     

    Enter a Capital Loss Carryover under

    Federal Taxes or Personal (Home & Business)

    Wages and Income

    Then scroll down to Investment Income

    Capital Loss Carryovers - Click the Start or Update button

    You enter the full amount that carried over, not just the 3,000

     

    mchu1026Author
    March 1, 2025

    Thank you! I didn't use Turbo Tax in for 2023 taxes so it wasn't automatically filled in.