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March 29, 2025
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carry-forward realized losses?

  • March 29, 2025
  • 1 reply
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i forgot to report realized capital losses last year, can i claim this year to offset tax due?

    Best answer by VolvoGirl

    Last year on your 2023 return?  You would need to amend  2023 to enter them.  You can only deduct 3,000 per year so you may have a carryover loss to enter into  2024.

     

    How to amend a prior year return
    https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-already-filed/L4VjJ9BA2_US_en_US?uid=lpzqr4fi

     

     

    1 reply

    VolvoGirl
    VolvoGirlAnswer
    Employee
    March 29, 2025

    Last year on your 2023 return?  You would need to amend  2023 to enter them.  You can only deduct 3,000 per year so you may have a carryover loss to enter into  2024.

     

    How to amend a prior year return
    https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-already-filed/L4VjJ9BA2_US_en_US?uid=lpzqr4fi