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February 26, 2020
Question

I have a capital loss carryover that TurboTax brought over from last year. Do I have to record a deduction to use it?

  • February 26, 2020
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1 reply

February 26, 2020

no.  the lesser of your net capital loss or $3,000 ($1,500 if married filing separately) will be automatically deducted.