Anonymous
Not applicable

Get your taxes done using TurboTax

Hi,

 

Here is an article indicating how to enter a capital loss carryover:

https://ttlc.intuit.com/turbotax-support/en-us/help-article/accounting-bookkeeping/enter-capital-los... 

 

You will still have to enter the W-2 income.

 

You can enter the full 2,500 capital loss from 2021, even if you have realized or recognized losses in 2023.

 

Once you enter the capital loss carryover, it will appear on schedule D of the 2023 1040.

 

You still have a responsibility to report the W-2 income.

If you are below the threshold of income needed to file, you don't need to file a 2023 tax return.

 

However, if you want to take advantage of the capital loss carryover from 2021 in 2023, you need to file a 2023 tax return.

 

Thank you,

John

CPA