How to I do tax loss harvesting in TurboTax online for capital losses incurred in 2024?

[mbk6784]

I had a few investments resulting in capital losses in 2024, although overall, I ended up with net capital gains. How do I conduct tax loss harvesting through TurboTax Online for the capital losses I incurred? Do I simply not report the losses?

[Mike9241]

you enter the losses using the same method you used to enter those sold at a gain. 

[mbk6784]

Do I not have the ability to roll these losses over into future years since overall my investments resulted in a net capital gain?

[VolvoGirl]

No.  Only if you have an overall Net Loss.  Then if the loss is more than 3,000 you can carryover the amount over 3,000 to the next year.

If you have investment sale losses, after you subtract the losses from your gains then if you have a net loss, you can only deduct up to 3,000 per year.