can we get schedule D-capital gains and losses form. For long term capital loss carryover. Where do I find that??

Forum|Forum|1 year ago
February 12, 2025
3 replies
0 views

where is the form located on my tax form?

Best answer by VolvoGirl

Do you know the Capital Loss Carryover amount from 2023? Do you have Schedule D from last year?

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,

VolvoGirl

Employee

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.

There is also a Carryover Worksheet showing the carryover from the prior year and the current amounts. Then there is also the Capital Loss Carry Forward worksheet showing the amount transferring over to next year.

In the Online version you have to save your return with all the worksheet as a pdf file to your computer to see Schedule D and the Capital Loss Carry Over and Carry Forward worksheets.

In the Desktop program you can go to Forms and find it in the list in the left column.

If you have a negative AGI or negative taxable income it will show up on 1040 BUT it won't reduce the carryover to the next year.

borlik-1Author

Thank you for your informative message but it doesn’t answer our problem. This is the first year we are using Turbo Tax. From last year we had a paper form our accountant that doesn’t have a carryover worksheet attached. So we are trying to do this but cannot find a place in Turbo where we can get the correct blank form to fill out from last year loss. There is no form tab on the left side of the screen to get the forms we need on the Turbo Tax. How do we get the blank forms to fill out since it’s our first year trying to do the our tax. The form is a carryover from a Schedule D capital gain loss.

VolvoGirlAnswer

Employee

Do you know the Capital Loss Carryover amount from 2023? Do you have Schedule D from last year?

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,

richcar

when I enter previous years capital gains losses I get an error. How do I enter that information without an error

richcar

How do I enter capital loss carry over from previous years

DoninGA

Employee

@richcar wrote:

How do I enter capital loss carry over from previous years

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