Not seeing losses for current year in tax return created by Turbo Tax

Forum|Forum|1 year ago
February 11, 2025
1 reply
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I am using Turbo Tax and prepared my 2024 tax return. I have some carry over losses from 2023. I also had more losses from 2024. I had successfully imported my consolidated 1099 and Form 1099-B into Turbo Tax. However, "Schedule D" that was generated by Turbo Tax is empty and my return doesn't seem to reflect the carryover loss from this year. Did I miss something?

Best answer by maglib

@worldtraveler78 We cannot see your return.

How did your start your return? Which TT product are you utilizing? Did you transfer last years return to start this year?

If you transferred last year's TurboTax return over, you don't have to do a thing—we've already entered it for you.

Otherwise, follow these instructions:

Open or continue your return.
Navigate to the capital loss carryover section:
- TurboTax Online/Mobile: Go to capital loss carryover.
- TurboTax Desktop: Search for capital loss carryover, and then select the Jump to link.
Select Yes on the screen Did you have investment losses you couldn't claim last year?
Enter the info about your capital loss on the following screens.

maglibAnswer

Employee

@worldtraveler78 We cannot see your return.

How did your start your return? Which TT product are you utilizing? Did you transfer last years return to start this year?

If you transferred last year's TurboTax return over, you don't have to do a thing—we've already entered it for you.

Otherwise, follow these instructions:

Open or continue your return.
Navigate to the capital loss carryover section:
- TurboTax Online/Mobile: Go to capital loss carryover.
- TurboTax Desktop: Search for capital loss carryover, and then select the Jump to link.
Select Yes on the screen Did you have investment losses you couldn't claim last year?
Enter the info about your capital loss on the following screens.

**I don't work for TT. Just trying to help. All the best. ***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.