Get your taxes done using TurboTax

There are no options for how a capital loss carryover is applied. You have to enter the full amount of the carryover, and TurboTax will apply it as required by the tax law. It will be applied first to your capital gains. If that does not use the entire loss, up to $3,000 will be applied against ordinary income, and any remaining loss will be carried over to the following year. That's the only way it can be done. You have no choices.