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April 7, 2022
Question

How do I carry over a Capital Gains loss from years ago WITHOUT a 2021 statement from any investment house? I need to add a Schedule D to my return (like last year)

  • April 7, 2022
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April 7, 2022

If you have a capital loss carryover from 2020, you can report this in TurboTax Online. To do so, you will need your Form 1040 and Schedule D from 2020:

  1. In the Federal > Wages & Income > Investment Income section of your return, click Start/Revisit next to Capital Loss Carryover.
  2. Enter the requested information from your prior year return.

You are allowed to deduct $3,000 from your ordinary income with capital losses each year. The remaining loss carries forward until it is used in its entirety. Click here for more on capital loss carryovers.