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posted Jun 5, 2019 11:34:49 PM

How do I find the Capital Loss Carry Forward amount available for my 2018 return? user name: papajohn76

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1 Best answer
Level 15
Jun 5, 2019 11:34:51 PM

One way to find your  Capital Loss Carryover amount is 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.  

There is also a Carryover Worksheet. If you used the desktop version or have the complete pdf of your last year's return you might have the  Capital Loss CO (carryover) worksheet that will tell you the amount.  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 worksheet.  There might be 2.   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.

4 Replies
Level 15
Jun 5, 2019 11:34:51 PM

One way to find your  Capital Loss Carryover amount is 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.  

There is also a Carryover Worksheet. If you used the desktop version or have the complete pdf of your last year's return you might have the  Capital Loss CO (carryover) worksheet that will tell you the amount.  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 worksheet.  There might be 2.   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.

Level 15
Jun 5, 2019 11:34:54 PM

If you transferred the tax data from the 2017 tax return to the 2018 tax return and had a capital loss carryforward then the Capital losses would have carried forward to the 2018 tax return.

  • Click on Federal Taxes
  • Click on Wages and Income
  • Click on I'll choose what I work on
  • Under Investment Income
  • On Capital Loss Carryover, click on the start or update button

Level 2
Mar 19, 2020 12:54:44 PM

Thank you for the help.  I have my previous tax return prepared by a CPA.  Is it really necessary for me to upgrade to Deluxe TurboTax in order to complete this form for loss carryover and finish my return?

Level 15
Jul 2, 2020 3:57:19 PM

I see the last post never got answered.  If you are using the Online web version you have to upgrade to Premier to enter a Capital Loss Carryover.  Or any of the Desktop programs.