It is possible to have a larger carryover in 2024, for example, if you incurred more losses. It could also be that this is a tentative figure that will change after you make more entries in that section for 2024.
If you are using a Desktop version of TurboTax, you can switch to Forms Mode by clicking on "Forms" at the top of your screen. You can then view all of the forms that TurboTax has prepared from your entries and the information transferred over from last year.
If you transferred last year's TurboTax return over and it included the carryover for this year, you shouldn't have to do a thing—the program may already have entered it for you.
Otherwise, follow these instructions:
- Sign in to your TurboTax account and open your return by selecting Continue or Pick up where you left off in the progress tracker
- In the search bar, search for capital loss carryover, and then select the Jump to link in the search results
- Select Yes on the screen Did you have investment losses you couldn't claim in 2021?*
- Enter the info about your capital loss on the following screens
*In the alternative, you may see a screen "Here's what we have" showing capital loss amounts already entered in the program. Click Edit if the carryover doesn't appear (you see only zeroes). Enter the information about your capital loss for 2021 following the screen prompts.
See this help article for more information.
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