Question

If I have a capital loss listed in 2017 should it read 0 in the capital loss summary page for 2108

Forum|Forum|7 years ago
June 5, 2019
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TurboTax Premier Windows

No, it should carry-over.

If you need to manually enter a carryover form a prior year, type capital loss carryover into the search box and click the “Jump to capital loss carryover” link.

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VolvoGirl

Employee

Exactly where? On the income page The 2018 column shows the carryover to 2019 (not your current loss for 2018). Schedule D doesn't actually show the carryover amount. To find your Capital Loss Carryover amount you need to look at your return schedule D page 2. Line 16 will be your total loss and line 21 should be a max loss of 3,000. The difference between line 16 and 21 is the carryover loss for next year.

There is also a Carryover Worksheet showing the carryover from the prior year and the current amounts. Then there is also the Capital Loss Carry Forward worksheet showing the amount transferring over to next year.

In the Online version you have to save your return with all the worksheet as a pdf file to your computer to see the Capital Loss Carry Over and Carry Forward worksheets.

In the Desktop program you can go to Forms and find it in the list in the left column.