Where do enter my remaining longterm capital loss carryover?

Forum|Forum|5 years ago
February 23, 2021
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where do I enter my remaining longterm capital loss carryover?

TurboTax Premier Online

HelenC12

If you transferred last year's return over, we automatically include the carryovers.

If you didn't use TurboTax last year:

Open your TurboTax return and search for capital loss carryover.
Click on the "Jump to" link in the search results.
Continue with the onscreen interview until complete.

Carryover losses on your investments are first used to offset the current year capital gains if any. You can deduct up to $3,000 in capital losses ($1,500 if you're married filing separately). Losses beyond that amount can be deducted on future returns as a capital loss carryover until the loss is all used up.

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gisboy

This is my first time using TurboTax and did not have an electronic version of my 2022 taxes to draw from.

@HelenC12 You have no idea how useful this insight was to me. For some reason, my schedule D was not being generated as I stepped through answering all the business-related questions. It appears that the questionnaire does not ask explicitly (or implicitly I guess) if you have any capital loss carryovers. The steps you listed to follow worked perfectly.