3275518
You'll need to sign in or create an account to connect with an expert.
if you don't you may lose out on any loss carryover. I'm unsure if any of that loss would show up on line 7 of the 1040 and there will be no schedule D in the e-file packet. You can be sure the IRS will send you a polite note asking for that schedule though it might not be for a couple of years. there may also be issues when you do the 2024 return as to whether or not the correct carryforward, if any, is included.
TurboTax Free Edition is very limited. It's only for the simplest tax returns. Keeping or using any of the capital loss carryover requires the Deluxe or better.
If your AGI is $79,000 or less you can probably use IRS Free File.
And the IRS is testing a pilot program called Direct File ... https://www.irs.gov/about-irs/strategic-plan/direct-file
If you insist on using free edition, you can file without Schedule D.
Then file form 1040-X with schedule D
--
get Form 1040-X from IRS website and mail it in with your corrected Schedule D, which you can also get in fillable PDF.
Note: when you are not changing any dollar amounts on your 1040-X, you can leave all the lines 1-23 EMPTY.
Do not include your old 1040 nor your revised 1040 because the Form 1040-X reflects any changes there and becomes your new tax return.
Part III explanation: "Oops forgot to attach schedule D"
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
gtchen66
Level 2
mengtaizhang
New Member
johntheretiree
Level 2
balynn0223
Returning Member
user17524270358
New Member