Yes sorry, you need Online Premium to enter a capital loss carryover or investments. Or any of the Desktop installed program. Did you use Turbo Tax last year?
If you had a 8,500 net loss last year you could only take a 3,000 max loss on your tax return. The rest you have to carry over. You can't skip a year. You get to first offset the loss against any gains you have each year so that can use more of it up. Then after applying the loss to the current gains if there is still a loss, you can take a max loss of 3,000 per year. If you use Turbo Tax it will automatically carry over the loss for you.
If it didn’t transfer over from last year then
Enter a Capital Loss Carryover under
Federal Taxes or Personal (Home & Business)
Wages and Income
Then scroll down to Investment Income
Capital Loss Carryovers - Click Start or Revisit
