I have entered my capital loss carryover from last year, but Turbotax proceeds to summarize that I have $0 of loss carryover. Not understanding why?

[jt12345]

I have entered my information as follows: Schedule D, line 7 Net short-term capital gain or (loss): $435 Schedule D, line 15 Net long-term capital gain or (loss): -$2,982 Schedule D, line 21 Allowable loss: -$2,547 Turbo Tax proceeds to summarize: Capital loss carryover from 2023: $0 All capital losses used in 2024: $0 Remaining losses carried forward to 2025: $0 Why is it not applying the capital loss carryover?

[SusanY1]

It may not be carrying it over because it may be applying it toward your ordinary income in this year, since the amount appears to be under $3,000.  To check to see if this is the case, look at Line 7 on your Form 1040.  If you see a negative number there, then that may explain what you're seeing on the summary screens. 

Here is how to preview your return to check for this:

1. From the left rail menu in TurboTax Online, select Tax Tools (You may have to scroll down on the left rail menu.)
2. Select Tax Tools 
   
3. On the drop-down select Tools 
4. On the pop-up menu titled “Tools Center”, select View Tax Summary 
5. On the left sidebar, select Preview my 1040 
6. Scroll down to Line 7 and check to see if there is a negative number here