I have a capital loss carryover from 2023 return. I had no capital gains or loss transactions for 2024 and was wondering if I qualify for the Turbotax Free Edition.

clueless001 · ‎January 25, 2025

Unclear if I need to submit a Schedule D to capture the $3,000 loss-carryover for 2024 even with no transactions for 2024.

AnnetteB6

Capital loss carryovers are reported on Schedule D, so this means that Schedule D must be included as part of your return in order to claim the carryover loss.

You would not be eligible to use the TurboTax Free Edition if you include the Schedule D, according to the information here.

You should also be aware that if you do not claim the carryover loss on your 2024 return, then you will lose that potential loss for good. It cannot be deferred to a later year.

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View solution in original post

AnnetteB6

Capital loss carryovers are reported on Schedule D, so this means that Schedule D must be included as part of your return in order to claim the carryover loss.

You would not be eligible to use the TurboTax Free Edition if you include the Schedule D, according to the information here.

You should also be aware that if you do not claim the carryover loss on your 2024 return, then you will lose that potential loss for good. It cannot be deferred to a later year.

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

clueless001

Thank you!

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I have a capital loss carryover from 2023 return. I had no capital gains or loss transactions for 2024 and was wondering if I qualify for the Turbotax Free Edition.