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How can remove a capital loss carryover that ended in 2018?

 
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2 Replies
RobertG
Expert Alumni

How can remove a capital loss carryover that ended in 2018?

Just open your TurboTax return, search for capital loss carryover, and then select the Jump to link in the search results.

 

Turbotax will  take you to the screen where you can edit that info from your prior year return.

 

If you transferred last year's TurboTax return over, TurboTax will enter your capital loss carryover for you.

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How can remove a capital loss carryover that ended in 2018?

Are you sure you used it up last year?  It wouldn't have transferred over if it was done.  Did you maybe have a negative AGI or negative taxable income?  it will show up on 1040  BUT it won't reduce the carryover to the next year.  Or maybe you had more current 2018 losses that weren't used up?

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