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vaultnmac
New Member

Long Term Capital Loss carry over from year to year. I've used Turbotax for 30 years. Why isn't it picking up my previous years losses? ? ? ???

 
1 Reply
AmandaR1
New Member

Long Term Capital Loss carry over from year to year. I've used Turbotax for 30 years. Why isn't it picking up my previous years losses? ? ? ???

Capital loss carryovers do transfer, so it sounds like you didn't transfer successfully (if using desktop) or you're not in the same account you used last year (if using online). I'll include instructions for transferring below based on all situations. 

Select whether you used TurboTax Online or the Desktop software last year, at the link below. You'll be provided with instructions to import your data into TurboTax Online for this yearhttps://ttlc.intuit.com/replies/3301662

If you're using Desktop software this year, click HERE if you use Windows or HERE if you use Mac.

Otherwise, this FAQ lists what transfers. If you've already started your return and don't want to do the transfer, you can just enter your carryover amounts. To see everything you might consider entering, check out the transfer list here: https://ttlc.intuit.com/replies/3776617

To enter your capital loss carryover, look at your 2015 schedule D line 14 and enter that amount, as explained below:

  1. Login and click Take me to my return
  2. Next, select the Federal Taxes tab and then click the Wages & Income tab below it  (If you have the blue button Check for more income click it, and then click Skip to see all income)
  3. Scroll down to the Investment Income section and click the blue hyperlink Show more
  4. Click Start/Revisit next to Capital Loss Carryover
  5. Next, you'll be able to enter your carryover.
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