It sounds like you are asking if your capital loss carryover from 2018 was carried over to your 2019 return. If so, sometimes it helps to look at the forms to check on this. You will want to look at Schedule D. Lines 6 and 14 on Schedule D will display your short- and long-term capital loss carryovers, respectively. In your case, any carryovers may have been netted with 2019 capital gain. The benefit would then be the reduction of taxable capital gain.
If there was no capital gain to net this carryover, then you can deduct up to $3000 of capital losses against other income. The rest will carry over to the next year. To check on this $3000 capital loss, look at line 6 of your 1040.
Here's how to look at the forms in TurboTax:
- In the left-hand menu bar, click on Tax Tools, then click Tools.
- Under Other helpful links, click View Tax Summary.
- Your Tax Summary will be displayed. In the left-hand menu bar, you will see a new option: Preview My 1040. Click it, and this will allow you to see the forms.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
