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February 18, 2023
Question

How can I enter 2021 carry over capital losses in this year's tax return?

  • February 18, 2023
  • 1 reply
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1 reply

VolvoGirl
Employee
February 18, 2023

If you transferred your prior return it should be already filled in.

 

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, not just the 3,000

 

The 3,000 is just the max loss you can claim each year AFTER offsetting any gains you have.  So you might use more of it up in one year.