how to show short term and log term carryover losses

Hi, I have $3474 short term loss and long term capital loss of $10,398 in 2023. I submitted $3000 losses in 2023. How much of the remaining $10,872 should I split between short and Long term carryover losses?

1075

Expert Alumni

Mar 19, 2025 6:25:30 PM

You don't have to split your carryover, each year you will be able to deduct $3,000 which will be deducted from your total capital loss carryover. Your carryover loss will transfer to your 2024 tax return.

If it didn't refer to the TurboTax article How do I enter my capital loss carryover? for navigation instructions.

Level 1

Mar 19, 2025 6:32:02 PM

Thanks for your suggestion. I didn't used Turbotax in 2023. I did it thru CPA. I am doing 2024 taxes using Turbotax. I guess , i may have to enter the carryover amount manually.

Expert Alumni

Mar 19, 2025 6:43:29 PM

It is easier just to enter it manually.

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how to show short term and log term carryover losses