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I file using TurboTax desktop version and has capital loss carryover from last year. How do I key in that loss in Online version this year?

 
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I file using TurboTax desktop version and has capital loss carryover from last year. How do I key in that loss in Online version this year?

So did you use desktop TurboTax for 2024 and are now using Online TurboTax for 2025?   You could have transferred your *.tax2024 data file from your desktop product into Online TurboTax, which would have included the capital loss carryover..  You still can, and we can tell you how, but you'd have to start over.

 

But here's how you can enter the 2024 to 2025 loss carryover manually. This is a navigation shortcut to get to the capital loss carryover section in Online TurboTax.  Have your 2024 tax return handy to refer to when you go through this.

 

  • With your 2025 return interview open, go to left menu column and choose TAX TOOLS, then TOOLS.
  • In the Tools window choose the blue button TOPIC SEARCH.
  • In the topic search line enter the phrase capital loss carryover without quotes.
  • Make the selection in the results, and either double-click on it, or click GO.
  • Next screen:  "Do you have investment losses you couldn't claim last year?"  Also watch the video you are presented there.
  • Then continue answering the screens in that topic.

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3 Replies

I file using TurboTax desktop version and has capital loss carryover from last year. How do I key in that loss in Online version this year?

So did you use desktop TurboTax for 2024 and are now using Online TurboTax for 2025?   You could have transferred your *.tax2024 data file from your desktop product into Online TurboTax, which would have included the capital loss carryover..  You still can, and we can tell you how, but you'd have to start over.

 

But here's how you can enter the 2024 to 2025 loss carryover manually. This is a navigation shortcut to get to the capital loss carryover section in Online TurboTax.  Have your 2024 tax return handy to refer to when you go through this.

 

  • With your 2025 return interview open, go to left menu column and choose TAX TOOLS, then TOOLS.
  • In the Tools window choose the blue button TOPIC SEARCH.
  • In the topic search line enter the phrase capital loss carryover without quotes.
  • Make the selection in the results, and either double-click on it, or click GO.
  • Next screen:  "Do you have investment losses you couldn't claim last year?"  Also watch the video you are presented there.
  • Then continue answering the screens in that topic.

I file using TurboTax desktop version and has capital loss carryover from last year. How do I key in that loss in Online version this year?

Thank you, managed to key in manually because I am unable to locate .tax2024 file.

I file using TurboTax desktop version and has capital loss carryover from last year. How do I key in that loss in Online version this year?

You're welcome.  I'm glad it worked for you.  Good luck.

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