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January 25, 2024
Question

I see where my capital loss is uploaded however I don’t see where the deduction is subtracted from my taxable income

  • January 25, 2024
  • 2 replies
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2 replies

January 25, 2024

net capital gain/loss would show up on line 7 of 1040. if there's nothing there you need to review forms 8949 and schedule D. This forum has no access to your return. if you can't figure it out contact support

 

VolvoGirl
Employee
January 25, 2024

Is this a carryover loss from last year or new losses for 2023?  

The Net Gain or Loss is on 1040 line 7.  If you have investment sale losses, after you subtract the losses from your gains you can only deduct up to 3,000 per year. The rest you have to carryover.