If you are using TurboTax Deluxe Online, you will not be able to report either a current year long-term capital loss or a capital loss carryover. You must use TurboTax Premier Online or higher for any investment activity.
If you are using the CD/downloaded version of TurboTax Deluxe, use the following steps to report a capital loss carryover:
- Locate the search box in the upper right corner
- This opens a box where you can type in “capital loss carryover” (be sure to enter exactly as shown here) and click Find
- The search results will give you an option to “Jump to capital loss carryover”
- Click on the blue “Jump to capital loss carryover” link and enter your information
Using the CD/downloaded version of TurboTax Deluxe, use the following steps to enter your investment sales:
- Locate the search box in the upper right corner
- This opens a box where you can type in “investment sales” (be sure to enter exactly as shown here) and click Find
- The search results will give you an option to “Jump to investment sales”
- Click on the blue “Jump to investment sales” link and enter your information
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