Where doI find my capital loss carryover on my IRS form for 2014. I previously used an accountant for 2014

[DS30 · Accepted solution]

If your prior accountant did not provide you with a carryover worksheet (this would be an additional worksheet that was not included with your 1040 filed copy), then you can calculate your remaining capital loss carryover from your Schedule D information.

You should see 2013 short term and long term carryover amounts on lines 6 and 14 respectively on Schedule D, then see how much of the 2014 short and long term capital gain was used (if your had capital gains) or add (if you had capital losses) in 2014. If you were still at an overall capital loss in 2014, then you would have had up to $3,000 of long term capital losses deducted from your ordinary income.

Any remaining portion would be your capital loss carryover to 2015.

For example if you had $30,000 of LT capital losses carried over from 2013 and had a LT capital gain in 2014 of $15,000 then you offset $3,000 against ordinary income, your carryover to 2014 would be $12,000 ($30,000 - $15,000 - $3,000).