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February 15, 2025
Question

lost my carry forward loss amount

  • February 15, 2025
  • 2 replies
  • 0 views
hello, where do I re enter my losses carry forward from years

    2 replies

    VolvoGirl
    Employee
    February 15, 2025

    How did you lose it?  Did it transfer over from 2023?  Where aren’t you seeing it?  Maybe you used it up this year or in prior years.  

    Enter a Capital Loss Carryover under

    Federal Taxes or Personal (Home & Business)

    Wages and Income

    Then scroll down to Investment Income

    Capital Loss Carryovers - Click the Start or Update button

    You enter the full amount that carried over, not just the 3,000

     

    The 3,000 is just the max loss you can claim each year AFTER offsetting any gains you have.  So you might use more of it up in one year.  

    February 15, 2025

    If you had a capital loss carryover from 2023, you can enter that loss by using the link below. This will confirm the loss is included in your tax return and that you have the correct figure.  Find the Schedule D worksheet from your 2023 tax return before you begin.

    A maximum $3,000 loss is allowed if it is greater than that after taking into account any capital gains.  If you don't use it up in 2024, you will be allowed to carry the balance over to 2025.

     

    @john-avery 

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