Where can i find the total of my accumulated capital losses from multiple previous years?

[markmulligan]

I would like to know the total of losses I am carrying so that I do not incur taxes on the sale of assets that will generate capital gains.  I have read where Turbotax keeps track of these year to year.

[Mike9241]

there is the carryover worksheet

also once the 2020 data is transferred to 2021 schedule D for 2021 line 6 will show short-term CLCO 

and line 14 will show the long-term CLCO

[VolvoGirl]

If you use Turbo Tax each year the Capital Loss Carryover will transfer over. Or you will have to manually enter the amount.

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.

If you used the desktop version or have the complete pdf of your last year's return you might have the Capital Loss CO (carryover) worksheet that will tell you the amount.

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 worksheet. There might be 2. There is a Capital Loss 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.

[fanfare]

@markmulligan 

Wow. I have a capital loss carryforward and I know what it is to the last dollar.

I would not lose track of it.

Note: your carryforward normally goes down by at least $3,000 every year, barring other activity.

This means you have to keep filing with Schedule D attached every year, even if you would not otherwise have to file a tax return.