I was carrying a capital gains loss and taking a -3000 dollar deduction each year but this capital loss carry issue hasn't come up in my filing with turbo tax?
To use your capital loss carryover from 2017, you need to enter the amount in TurboTax.
To do so, open your return and follow these steps:
- Click on Federal Taxes, then on Wages and Income
- Under All Income, locate the Investment Income section
- Click Show more and click Start next to Capital loss carryover (see attached screenshot)
- Follow the questionnaire to enter your capital loss carryover from 2017.