Question

Trying to use the Carry over loss in Turbo Tax which should be 2,629 in the wizard it pulls the right numbers but it never adds to 2019 column in income?

Forum|Forum|6 years ago
March 9, 2020
1 reply
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For some reason it only adds -2,629 to 2018 column and 0 in 2019 column. None of my numbers changes during review process. Doesn't seem correct.

TurboTax Premier Online

J

JulieS

What type of carryover loss are you working with?

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VolvoGirl

Employee

On the income page The 2019 column shows the carryover to 2020 (not your current loss for 2019). Schedule D doesn't actually show the carryover amount. To find your Capital Loss Carryover amount you need to look at your return schedule D page 2. Line 16 will be your total loss and line 21 should be a max loss of 3,000. The difference between line 16 and 21 is the carryover loss for next year.