Investors & landlords

If you have a capital loss carryover from 2018, you can use up to $3,000 of this loss against ordinary income. If you used TurboTax in 2018, the program should transfer this information to your 2019 tax return. To verify if this information was imported correctly, please follow these steps:

1. Click on Wages and Income at the top of the screen
2. Scroll down to Investment Income and click on Show More, 
3. Click on Start or Revisit next to Capital Loss Carryover
4. Compare the amounts reported to amounts from your 2018 tax return (Review your 2018 Schedule D and the 2018 Capital Loss Carryover Worksheet from your 2018 tax return to determine the carryover amounts)
5. Select Edit to make any corrections or enter your Capital Loss carryover if needed

To verify if the Capital Loss is correctly reported on your tax return, please follow these steps:

1. Click on "Tax Tools" from the menu on the left-hand side and then click on "Tools"
2. Click on "View Tax Summary"
3. Then click on "Preview my 1040" from the menu on the left-hand side
4. Scroll down to line 6 on page 1 of your Form 1040 and confirm the amount reported
5. To return to the program, click on "Back" from the menu on the left-hand side

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