MonikaK1
Expert Alumni

Deductions & credits

If you transferred last year's TurboTax return over and it included the carryover for this year, the program may enter it for you. Otherwise, follow these instructions:

 

  1. Sign in to your TurboTax account and open your return by selecting Continue or Pick up where you left off in the progress tracker
  2. In the search bar, search for capital loss carryover, and then select the Jump to link in the search results
  3. Select Yes on the screen Did you have investment losses you couldn't claim in 2023?*
  4. 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 2023 following the screen prompts.

 

If you are using TurboTax Desktop, you can go to the Investment Income section under Wages & Income and click Start or Update next to Capital Loss Carryover and follow the step by step instructions.

 

In TurboTax Online, under Income, start or revisit Capital Loss Carryover under Investments and Savings in the Income section.

 

See also this help article.

 

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