You should be able to enter the carryover directly into the program without all of the other questions.
To correct Capital Loss Carryover:
- Income
- Scroll to Investment income
- Select Capital loss Carryover
- Make your correction.
You are allowed a maximum capital loss in any one year of $3,000, and any excess loss can be carried forward to future years to offset gains. Each subsequent year also has a maximum loss limitation of $3,000.
Your carryover amount will be any remaining short-term losses along with all your long-term losses. If you have less in short-term losses, then first use any short-term losses you do have, and then take long-term losses to take you up to the $3,000 total. Any remaining long-term losses in that situation are eligible to carry over.
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