I have a capital loss carryover from 2023 return. I had no capital gains or loss transactions for 2024 and was wondering if I qualify for the Turbotax Free Edition.

Forum|Forum|1 year ago
January 25, 2025
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Unclear if I need to submit a Schedule D to capture the $3,000 loss-carryover for 2024 even with no transactions for 2024.

Best answer by AnnetteB6

Capital loss carryovers are reported on Schedule D, so this means that Schedule D must be included as part of your return in order to claim the carryover loss.

You would not be eligible to use the TurboTax Free Edition if you include the Schedule D, according to the information here.

You should also be aware that if you do not claim the carryover loss on your 2024 return, then you will lose that potential loss for good. It cannot be deferred to a later year.

AnnetteB6Answer

Capital loss carryovers are reported on Schedule D, so this means that Schedule D must be included as part of your return in order to claim the carryover loss.

You would not be eligible to use the TurboTax Free Edition if you include the Schedule D, according to the information here.

You should also be aware that if you do not claim the carryover loss on your 2024 return, then you will lose that potential loss for good. It cannot be deferred to a later year.

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