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david4500
New Member

Does turbo tax automatically apply my capital loss carry over from 2017 against my capital gains in 2018?

 
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7 Replies
LinaJ2018
Intuit Alumni

Does turbo tax automatically apply my capital loss carry over from 2017 against my capital gains in 2018?

It depends.  You might need to manually enter the amount. 

https://ttlc.intuit.com/replies/3301508

david4500
New Member

Does turbo tax automatically apply my capital loss carry over from 2017 against my capital gains in 2018?

I used 2017 CD version last year, I had to enter $3000 to apply my  carry over lost from 2016 and still have plenty left over. Based on your response, Turbo 2018 should automatically apply my carry over loss from 2017 against my 2018 capital gains?
LinaJ2018
Intuit Alumni

Does turbo tax automatically apply my capital loss carry over from 2017 against my capital gains in 2018?

Are you using desktop for 2018 as well?  When you start, does the program tell you all your data is being transferred over?
david4500
New Member

Does turbo tax automatically apply my capital loss carry over from 2017 against my capital gains in 2018?

Yes, I am using 2018 CD version. I don't recall if such message exits. However, it does gave me a comparison 2017 vs 2018, which I would assumed it found the 2017 data.
LinaJ2018
Intuit Alumni

Does turbo tax automatically apply my capital loss carry over from 2017 against my capital gains in 2018?

Yes, it sounds like the program should have transferred the carryover into your 2018 program.  You can always follow the instructions in my answer to verify the info or edit.
david4500
New Member

Does turbo tax automatically apply my capital loss carry over from 2017 against my capital gains in 2018?

ok, thanks. One more question. If it transferred the carry over, then does it automatically apply either the gains from 2018, and/or the $3000 min. deduction? Or do I need to do that manually by enter the amount?
LinaJ2018
Intuit Alumni

Does turbo tax automatically apply my capital loss carry over from 2017 against my capital gains in 2018?

It should.  However, double-check Schedule D line 6 or 14 for short term or long term to be sure.

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