I don't know what my capital loss carryover from 2024 would be

mommyring07 · ‎January 12, 2026

DawnC · ‎January 12, 2026

You can find your capital loss carryover on last year's tax return. Look at last year's Schedule D, specifically lines 16 and 21. If line 16 (treat the loss as a positive amount) is greater than line 21, you have a carryover.

The IRS allows you to deduct up to $3,000 ($1,500 if married filing separately) of net capital losses against other types of income annually, and any unused losses can be carried forward to future years.

Also, if you used TurboTax last year, the amount, if any, should auto-populate for you.

Am I entitled to a capital loss carryover from last year's return?

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View solution in original post

Mike9241 · ‎January 12, 2026

Did you use TurboTax in 2024? If so, the amount should have transferred. You can use the worksheet on page 10 of the Schedule D instructions to compute them.

https://www.irs.gov/pub/irs-pdf/i1040sd.pdf

DawnC · ‎January 12, 2026

You can find your capital loss carryover on last year's tax return. Look at last year's Schedule D, specifically lines 16 and 21. If line 16 (treat the loss as a positive amount) is greater than line 21, you have a carryover.

The IRS allows you to deduct up to $3,000 ($1,500 if married filing separately) of net capital losses against other types of income annually, and any unused losses can be carried forward to future years.

Also, if you used TurboTax last year, the amount, if any, should auto-populate for you.

Am I entitled to a capital loss carryover from last year's return?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"