Do you need to enter the Capital Loss Carryover from 2023?
Enter a Capital Loss Carryover under
Federal Taxes or Personal (Home & Business)
Wages and Income
Then scroll down to Investment Income
Capital Loss Carryovers - Click the Start or Update button
You enter the full amount that carried over, not just the 3,000
You get to first offset the loss against any gains you have each year so that can use more of it up. Then after applying the loss to the current gains if you still have a loss, you can take a max loss of 3,000 (1,500 MFS) per year on your tax return. Turbo Tax does all the calculations for you. Just enter the full prior year carryover amount.
