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June 4, 2019
Question

Capital loss carryover - when you enter Schedule D, line 21, Allowable loss, should it be entered as 3000 or -3000?

  • June 4, 2019
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1 reply

June 4, 2019

In TurboTax, on the loss carryover screen, you should enter the capital loss carryover amount as a positive number.  On the Schedule D, the loss carryover with print as a negative amount.  Please see the screen shot attached.

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VolvoGirl
Employee
June 4, 2019
And you shouldn't override line 21.  Let the program calculate it.