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Level 1
posted Jun 1, 2019 12:30:02 PM

Can we skip amending 2017 and carryover capital loss to 2018 from 2016? We had a capital loss in 2016, amended our 2016 to claim the loss and have carryover from it.

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3 Replies
Level 2
Jun 1, 2019 12:30:03 PM

You should amend the 2017 return before carrying your loss to 2018.  There could be factors in your 2017 return that affect the amount of your carryover to 2018.

Level 1
Sep 29, 2019 2:58:21 PM

Hi KittyM, thank you for the response.  Can we send in an amended 2017 at the same time as sending in 2018?  I am tired of having to do taxes twice a year and always being a year behind.

Level 1
Sep 29, 2019 7:36:01 PM

Hi KittyM, Can you tell me where in the 2017 TurboTax software I need to go to enter the capital loss carryover?  When I enter the recommended "carryover" in the search, it just keeps searching and comes up with nothing.  

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/where-do-i-enter-capital-loss-carryover/00/678360

Cannot figure out how to know where for sure to enter the proper information.  When I look in the Forms area rather than the step-by-step, I see where there are carryover worksheets, but am not sure what is being asked for..... 

Thanks for your help.