How do I enter Capital Loss Carryover information?

[VolvoGirl]

If you transferred your prior return info it should already be filled in.

Enter a Capital Loss Carryover under
Federal
Wages and Income
Then scroll down to Investment Income
Capital Loss Carryovers - Click the Start or Update button

[akapete2]

Thank you Volvo Girl.

I did load 2018 info into 2019 return.

The screen you direct me to starts with showing unrelated numbers - even if valid, they should populate the next screen - showing the Capital Loss Caryover as zero.  Same for the amount used and the 2019 Carryover.  NONE of these numbers showing as Zero can be changed.  Seems to me that the system should at least show the later two - generated within the 2019 Return and worksheets.  

I'm thunking ... that like data from a K-1 - the input is not shown in the traditional screens but accepted by the system and put on the return?  What I think I need is to find that area of source data for the Capital Loss Carryover numbers.

I believe that the Capital Gain number of $2,605 shown on Line 6 of my 2019 Form 1040-SR return can be offset by the $3,000 current exclusion.  Nothing in the worksheets provided address this issue or the Capital Loss Carryover.

But I'm in a pickle and cannot finish my return.  It may be my fault and I understand the need for TT to direct me to the "Community", but it almost begs me to talk to an IT human being (after a human tax consultant looks at my problem).

Thank you for taking time to be part of the TT Community.
Paul Schmitt

925/283-0125

[VolvoGirl]

FYI.....The 2019 column shows the carryover to 2020 not your current loss for 2019. The 2018 Column shows the carryover to 2019.

2019 Capital Gains and Losses on Schedule D go directly to 1040 line 6. And Schedule D doesn't actually show the carryover amount. To find your Capital Loss Carryover amount you need to look at your return schedule D page 2. Line 16 will be your total loss and line 21 should be a max loss of 3,000. The difference between line 16 and 21 is the carryover loss for next year.

There is also a Carryover Worksheet. There is a Capital Loss Carryover Worksheet showing the carryover from the prior year and the current amounts. Then there is also the Capital Loss Carry Forward worksheet showing the amount transferring over to next year.

In the Desktop CD/Download program you can go to Forms and find it in the list in the left column.
In the Online version you have to save your return with all the worksheet as a pdf file to your computer to see the Capital Loss Carry Over and Carry Forward worksheets.