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kenoberg
Returning Member

Schedule D loss carry forward using Free Edition of TurboTax

I used TurboTax for many years up until 2018 when I tried using another online Tax preparer until this current tax filing year (2025). I came back to TurboTax because they allow me to file my return using a non-US address since I now live in Italy. I signed in and used the Free Edition since I have no earned income (including no W-2, no dividends, no investment or rental income, etc). My only income is a small monthly private pension distribution which is not enough to exceed my standard deduction. So no taxes owed and no refund. Simple, easy return. Since 2017 I have had loss carry-forward info included on my sched. D return. This was from stock sales from almost 10 years ago. I have not bought or sold stocks since then however do not want to lose those loss carry-forwards in case I need them in the future. Am I able to enter that previous loss carry-forward information into TurboTax without having to upgrade to the premium edition of TurboTax? It seems quite a large amount of money to pay ($99 each year) just to report something from years back, especially considering I've had no stock sales since then.  

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2 Replies

Schedule D loss carry forward using Free Edition of TurboTax

Sorry no, you can't use the Free Edition.  I don't think you can use Deluxe etiher.   You  need Premium for Schedule D and Capital Loss Carryover.  And you can't skip a year to report it.  

kenoberg
Returning Member

Schedule D loss carry forward using Free Edition of TurboTax

Thanks for answering my question. I'm not going to give up $57K in loss carry forwards and in my opinion it's not worth the price of premium (each and every year) to report something from the far past. Thanks but OLT.com offers this schedule and e-filing for free. 

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