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October 14, 2020
Question

I have 1099-DIV capital gains distributions on 2a. How do I offset these from prior year carry forward losses?

  • October 14, 2020
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1 reply

October 14, 2020

If the prior year carryovers were transferred when you started TT for 2019. they will be if you used the same account for '18 and '19. the CLCO would automatically flow to schedule D lines 6 and or 14. the capital gains distributions flow to schedule D line 13. then the losses will be offset against the gain. the net will be on line 16