How to file jointly when each one of us have our own capital loss carryover?

[troubledbytaxes]

Hi,

When filing jointly and attempting to fill in "Capital Loss Carryover", there's only one field and there doesn't seem to be a way to allocate the Capital Loss Carryover to either party like dividends or wages.

What's the best way to go about filling out this section? Thanks!

[MinhT · Accepted solution]

In a joint return, there no distinction between spouses for capital gains/losses reported and capital losses carried over.

Both spouses file a unique Schedule D in the joint return. If both of you had capital losses carried over when you filed separately, you add them together and enter the total in TurboTax.