How to check if past year capital losses were applied to my return this year?

Forum|Forum|1 year ago
March 24, 2025
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Last year I had capital loses which were partially, because the amount was larger than allowed to be applied, applied when I was failing for 2023 and Turbo Tax displayed a message something like saying the rest will be applied on future years. Filing this time I didn't see any message from TurboTax indicating those loses were applied so I would owe less to IRS, how do I check if those past losses were actually applied this year?

Best answer by Mike9241

look at schedule D lines 6 and 14. that's where the carryovers should appear. however, if you are using online you can see it until you pay your fees.

Mike9241Answer

look at schedule D lines 6 and 14. that's where the carryovers should appear. however, if you are using online you can see it until you pay your fees.

lighter1Author

Thank you @Mike9241 , both of those lines have empty parentheses as the value:

I have masked an actual non 0 value in the row # 7 for privacy reasons.

It is expected to me that the line 14, corresponding to the Long-term capital loss is empty because I didn't have any last year but, it looks like the TurboTax didn't carry over my Short-term capital losses from past year, do you know why that happened and how to rectify that ? I have not filed for 2024 yet.

lighter1Author

My bad, I thought, by mistake, that my original loss was last year but going through papers I'm seeing it was in 2022 and it was correctly carried by Turbotax to 2023. As 2024 it is really nothing to carry over as everything was applied last year, so, everything adds up now. Thanks.