Question

Will Turbo-tax automatically carry-over my remaining 2018 capital loss on Cryptocurrency from Schedule-D?

Forum|Forum|5 years ago
October 16, 2020
1 reply
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For 2018 I filed Cryptocurrency trades under "Stocks, Mutual Funds, Bonds, Other".
For 2019 I'm using Cryptocurrency section for capital gains and losses.

Will Turbo-tax automatically carry-over my remaining 2018 capital loss on Cryptocurrency from Schedule-D?
If I say no in the "Stocks, Mutual Funds, Bonds, Other" section, will I still get Schedule-D?

TurboTax Self Employed Online

A

Anonymous

yes it will carryover and unused capital loss. however, you must use the same a/c as for 2019. many taxpayers have multiple a/c's and if you don't use the same a/c there will be no transfer.

E

errllllAuthor

Thank you. By a/c, you mean account?

Critter-3

Yes ... if you use the same account for both tax years then the carryover SHOULD happen automatically however when you use any DIY program you are responsible for making sure everything DID carryforward properly.