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March 10, 2022
Question

Can I transfer my 2020 Turbotax info to my 2021 return? how do I do that?

  • March 10, 2022
  • 1 reply
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I have losses to carry forward from previous years. How do I carry them to 2021?

    1 reply

    March 5, 2023

    Yes, you can transfer 2020 TurboTax return information to 2021, follow these steps below to transfer the information.

    If you used TurboTax Online last year:

    1. Visit the TurboTax website
    2. Enter your credentials (the same as you used last year) and select Sign In
    3. On the Great to see you again! screen, select Start a new return from the menu
    4. Choose your preferred TurboTax Online product
    5. On the How did you do your taxes last year? screen, select TurboTax Online, then Continue
    6. On the Hello again! We're so glad you're back screen, select Yes, then Continue
    7. Follow the on-screen instructions to proceed through the file transfer process

    If you used TurboTax CD/Download last year

    1. Visit the TurboTax website
    2. If you have a TurboTax Online account, follow the prompts to sign in (your credentials are the same as you used last year). If you don’t have an account, follow the prompts to create one and then sign in
    3. If you already have a TurboTax Online account: After you sign in, on the Great to see you again! screen, select Start a new return from the menu
    4. Choose the TurboTax Online product you’d like to use
    5. On the How did you do your taxes last year? screen, select TurboTax CD/Download, then Continue
    6. On the Let’s start with last year’s return screen, select Choose File
    7. Find and select your prior-year TurboTax CD/Download file, then select Continue

    To carry forward the Capital losses, follow these steps below:

    1. Login to TurboTax website
    2. Open your tax return and on the left side, click on the Find icon
    3. Type Net Capital Losses carry Forward, click Go
    4. Enter the opening Balance of losses carry forward and click continue
    5. Enter the amount you want to claim in 2020, if not then click continue.
    6. Click continue again.

    Thank you for choosing TurboTax.