How to enter Capital loss carryover from 2024?

[salscaringella26]

I had a 18 million carryover loss in 2024.

[DoninGA · Accepted solution]

For a capital loss carryover -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Under Investment Income
On Capital Loss Carryover, click the start or update button

[VolvoGirl · Accepted solution]

If it didn’t transfer over from last year then
Enter a Capital Loss Carryover under

Federal Taxes or Personal (Home & Business)

Wages and Income

Then scroll down to Investment Income

Capital Loss Carryovers - Click Start or Revisit
You enter the full amount that carried over, not just the 3,000

If you use Turbo Tax next year the Capital Loss Carryover will transfer over. Or you will have to manually enter the amount.

The carryover loss from last year will be on Schedule D line 6 (Short term) and line 14 (Long term).