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angeltheseven
January 31, 2025
Question

capital losses not showing

  • January 31, 2025
  • 1 reply
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Capital losses

    1 reply

    M
    MayaD
    January 31, 2025

    If you don’t have capital gains to offset the losses, you could Deduct $3,000($1,500 if you're Married Filing Separately) of the loss in tax year 2024 and carry forward the rest to future years.

     

    TurboTax will automatically generate and fill out Schedule D when you report 1099-Bs and other capital asset sales. Line 16 will be your total loss and line 21 should be a max loss of 3,00/ $1500.  The difference between line 16 and 21 is the carryover loss for next year.

     

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