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scovart
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I have a 2017 capital loss carryover of 3K with no 2018 capital gains to apply it to. Can I reduce my income by 3K? if so why isn't turbotax automatically doing this?

 
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I have a 2017 capital loss carryover of 3K with no 2018 capital gains to apply it to. Can I reduce my income by 3K? if so why isn't turbotax automatically doing this?

  Look at Sch 1 line 13 Capital loss on the 2018 return, and it will be listed there if it was transferred from prior year.


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4 Replies

I have a 2017 capital loss carryover of 3K with no 2018 capital gains to apply it to. Can I reduce my income by 3K? if so why isn't turbotax automatically doing this?

Did you transfer in the loss form 2017 to 2018?

Have you looked at Sch 1 line 13 Capital loss on the 2018 return?
scovart
New Member

I have a 2017 capital loss carryover of 3K with no 2018 capital gains to apply it to. Can I reduce my income by 3K? if so why isn't turbotax automatically doing this?

 Found Sc1 and it is being calculated correctly. Thank you so much, big help!!!!

I have a 2017 capital loss carryover of 3K with no 2018 capital gains to apply it to. Can I reduce my income by 3K? if so why isn't turbotax automatically doing this?

Great I am going to post a very short answer so others know this is answered.

I have a 2017 capital loss carryover of 3K with no 2018 capital gains to apply it to. Can I reduce my income by 3K? if so why isn't turbotax automatically doing this?

  Look at Sch 1 line 13 Capital loss on the 2018 return, and it will be listed there if it was transferred from prior year.


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