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[Event] Ask the Experts: Investments: Stocks, Crypto, & More
Yes Turbo Tax will automatically carryover any loss you couldn't use in 2025. Do you have a carryover loss from 2024? If you have a 3,000 loss you won't have any to carryover. If you have a carryover loss that doesn't show up from the prior year you can manually enter it.
If you have investment sale losses, after you subtract the losses from your gains you can only deduct up to 3,000 (1,500 MFS) per year. The rest you will have to carryover until it is used up.
2 weeks ago