Investors & landlords

Don't know what you think you are trying to accomplish or you are losing.   Both the  Capital Loss Carryover on line 7 and the Standard Deduction line 12 are subtracted from your total income on line 9 (actually from line 10).   Why does it matter?  You get the benefit of both.  

 

Are you trying to save the Capital Loss Carryover for the future?   

You have to report the carryover every year until it's used up. You can't skip a year. Even if you don't report it on your return you have to reduce it by the 3,000 (1,500 MFS) when you carry it over to next year. You can't choose when to use it.

 

But there is this, I think this is what you want to happen.......
If you have a negative AGI or negative taxable income the Capital Loss Carryover will show up on 1040 BUT it won't reduce the carryover to the next year.

 

In the Online version you have to save your return with all the worksheet as a pdf file to your computer to see the Capital Loss Carry Over and Carry Forward worksheets.