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I put in $3000 for a capital loss carry over but it did not show up on the return. Not sure why.
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posted
June 4, 2019
5:12 PM
last updated
June 04, 2019
5:12 PM
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I put in $3000 for a capital loss carry over but it did not show up on the return. Not sure why.
Also, unless your total Capital Loss Carryover is $3000, don't only enter $3000. Your entire carryover should be entered in the program, and the program will determine how much is able to be used (and it will automatically carry over the rest to next year).
June 4, 2019
5:12 PM
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I put in $3000 for a capital loss carry over but it did not show up on the return. Not sure why.
Just noticed it says Deluxe on your post. You need Premier or higher to enter a Capital Loss Carryover. If you used Deluxe then where did you enter it?
June 4, 2019
5:12 PM
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I put in $3000 for a capital loss carry over but it did not show up on the return. Not sure why.
A capital loss carryover does not get entered directly on form 1040. A long term capital loss carryover shows on line 14 of Schedule D. A short term capital loss carryover shows on line 6 of Schedule D.
The carryover loss(es) will fist be combined, on Schedule D, with any other capital gains and/or losses for 2017 and the net gain or loss goes to line 13 of form 1040.
June 4, 2019
5:12 PM
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I put in $3000 for a capital loss carry over but it did not show up on the return. Not sure why.
Do you have any amount on line 13? Could your gains be more than the loss? Capital gains can also come from interest, dividends and K-1 forms.
June 4, 2019
5:12 PM
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