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April 12, 2021
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Where do I enter a long-term capital loss carryforward on the online TurboTax Free Edition?

  • April 12, 2021
  • 1 reply
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Best answer by DoninGA

For a capital loss carryover -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Under Investment Income
  • On Capital Loss Carryover, click the start or update button

Or enter capital loss carryover in the Search box located in the upper right of the program screen. Click on Jump to capital loss carryover

1 reply

DoninGA
DoninGAAnswer
Employee
April 12, 2021

For a capital loss carryover -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Under Investment Income
  • On Capital Loss Carryover, click the start or update button

Or enter capital loss carryover in the Search box located in the upper right of the program screen. Click on Jump to capital loss carryover

April 15, 2021

Thanks for your reply, DoninGA...got it!

April 15, 2023

I don't believe this advice is still valid.  I am told that, for 2022, you cannot create a Schedule D (which is what you need to report a capital loss carryover) in the free edition.  You have to upgrade to Premier.