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Investors & landlords
You may wish to review the forms and worksheets in your return to understand how the capital loss carryovers were used on your current return. In general, numbers on these forms are calculated by TurboTax and cannot be changed without invalidating the return for e-filing. Those that can be changed are in a yellow box with a blue font (only in TurboTax for Desktop).
Schedule D Part II shows the calculation of long-term capital losses. The summary of what will be applied to your current income is in Part III.
Capital Loss Carryover Worksheet (not an IRS form) shows how the Capital Loss Carryover was used this year.
Capital Loss Carryforward Worksheet (not an IRS form) Line 13 shows the actual capital loss carried forward to next year.
If you need to print/preview these forms, please see: How do I get a PDF of my return?
Additional Information for TurboTax for Desktop:
- How do I manually fill out my tax forms in TurboTax Desktop?
- What's the meaning of all the different colors in Forms Mode?
- How do I switch from TurboTax Online to the TurboTax software?
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