PattiF
Expert Alumni

Get your taxes done using TurboTax

Yes, you can manually add a carryover loss. Here are instructions to do this,

  • Click on Federal on the left side of the online program screen
  • Click on Wages & Income at the top of the online program screen
  • Scroll down to Investment Income
  • Click on Show More
  • On Capital Loss Carryover, click the start button

 

Or enter capital loss carryover in the Search box located in the upper right of the program screen. Click on Jump to capital loss carryover

 

You may need to amend the 2020 tax return to correct the worthless stock sale if needed. If the IRS sends a letter about this, just amend it to report the worthless stock.

 

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