If you're entering your 3,000 capital loss carryover from tax year 2024, to your current year tax return, follow these FAQ instructions:
If you transferred last year's TurboTax return over, you...
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If you're entering your 3,000 capital loss carryover from tax year 2024, to your current year tax return, follow these FAQ instructions:
If you transferred last year's TurboTax return over, you don't have to do a thing—we've already entered it for you.
Otherwise, follow these instructions:
Navigate to the capital loss carryover section:
TurboTax Online/Mobile: Go to the capital loss carryover (<click here) screen under Wages & Income
TurboTax Desktop: Search for capital loss carryover, and then select the Jump to link, or
Go to Federal Taxes.
Go to Wages & Income.
If asked, How do you want to enter your income?, select I'll choose what I work on.
Under Investment Income, select Start or Update next to Capital Loss Carryover.
Select Yes on the screen Did you have investment losses you couldn't claim last year?
Enter the info about your capital loss on the following screens.
If you're worried about your carryover from this years' taxes to the 2026 tax return, don't worry; TurboTax will roll that amount over automatically when you open the software next year.