Does turbo-tax keep track of capital loss carryover from year to year?

[rjs]

If you transfer your information from the previous year when you start your tax return, and do that consistently every year, TurboTax will keep track of the capital loss carryover. If you are using TurboTax Online, you have to make sure that you use the exact same user ID every year in order to correctly transfer the information from the previous year. (A lot of people have more than one TurboTax Online account, often without realizing it.) If you miss a year, TurboTax will lose track of the carryover.

[gy78]

I realized the carryover amount doesn't change when turbotax imports it over from the previous year.  Shouldn't the carryover decrease?

[rjs]

The carryover that is calculated in 2016 TurboTax is the amount to carry over to 2017, after subtracting any part of the loss that was "used" on the 2016 tax return.

There can be situations where none of the loss is used up in a particular year, so the carryover amount that appears on Schedule D is the same for two consecutive years.

[BeretDude]

Yes, you can carry over the remaining $18,000.   Lets say, you got out of the market this past year, and will no longer have any gains.  In that situation, you have 6 years remaining, of the $3000 deduction.   Turbo tax will keep track of this, if you don't miss any years.