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February 20, 2025
Question

didn't file 23 taxes ,only income SS, GOT PTjob in 24. filing taxes for 24 what go's in capital loss carryover

  • February 20, 2025
  • 1 reply
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if i did not file 2023 taxes, my only income was social security. but i got a part time job in 24. filing taxes for 24 what do i put in the long term capital loss carry over box

    1 reply

    February 27, 2025

    If you had a capital loss carryover before 2023, you will need to file your 2023 return to properly carry forward the loss to 2024. The unused amount from 2023 would be entered into the long term capital loss carry over box that you see. 

     

    If you didn't have any prior long term capital loss carryovers, you don't need to enter anything in this field.