HelenC12
Expert Alumni

Investors & landlords

This might be a carryover loss from 2018. If you have more than $3,000 in investment losses, TurboTax will use $3,000 each year until the losses are used up. 

  • Carryover losses on your investments are first used to offset the current year capital gains if any.
  • You can deduct up to $3,000 in capital losses ($1,500 if you're married filing separately).
  • Losses beyond that amount can be deducted on future returns as a capital loss carryover until the loss is all used up.
  • If you transferred last year's return over, we automatically include the carryovers.
  • For additional information, click here.
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