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vpelt
January 25, 2025
Question

Can I make a claim for a Tax Loss Carry Over for 2024 from the 2022 tax return when for 2023 we were only required to complete the 1040-SR form..

  • January 25, 2025
  • 1 reply
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    1 reply

    D
    DianeW777
    January 25, 2025

    It depends.  The loss carryover should have been included as part of your 2023 tax return to see if the full amount is eligible to carry to 2024.  You can always check that, then put any remaining carryover loss on your 2024 tax return.

     

    If it was a capital loss carryover you can use the steps here to enter it on your tax return(s).  The carryforward is completed on a worksheet.

    If you choose, you can begin using TurboTax Live for a review because it's necessary for the 2024 tax return.

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