rjs
Level 15
Level 15

Deductions & credits

That's not necessarily the correct amount of your capital loss carryover. In the Search box in TurboTax, type "capital loss carryover" (without the quotes), then click the link that says "Jump to capital loss carryover."


The first screen asks whether you have investment losses that you couldn't claim in 2018. Click Yes.


The next screen asks whether you know your capital loss carryover amounts. Select "No, I need help figuring out my capital loss carryover amounts." Then click Continue.


TurboTax will then ask you to enter the information from your 2018 tax return that is needed to calculate the correct capital loss carryover.


I hope that the house you sold was an investment, not your personal home. You cannot claim a loss on your personal home.

 

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