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posted Mar 23, 2024 2:29:21 PM

I am inputting my capital loss carryover from 2022, but for some reason it says 0 for the carryover even after it says that it is -2500

I am inputting my capital loss carryover from 2022, but for some reason it says 0 for the carryover even after it says that it is -2500

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1 Replies
Level 15
Mar 23, 2024 2:37:19 PM

Where does it say 0?  Will this help?  Oh and you need to use the Online Premium version to enter it or any of the Desktop programs.  

 

On the income page The 2023 column shows the carryover to 2024 (not your current loss for 2023).  Schedule D doesn't actually show the carryover amount. To find your  Capital Loss Carryover amount  you need 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 for next year.

 

There is also a 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.

 

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 and Carry Forward worksheets.

 

In the Desktop program you can go to Forms and find it in the list in the left column.