last years loss carry over

Forum|Forum|1 year ago
March 16, 2025
2 replies
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hi, using Turbo first time for 2024. Previously used H &R. How do I input 2023 loss carry over to Turbo? I can't find it

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

DoninGAAnswer

Employee

For a capital loss carryover -

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

VolvoGirl

Employee

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

The full amount carries over from the prior year. The 3,000 is just the max loss you can claim each year AFTER offsetting any gains you have. So you might use more of it up in one year.