1202459
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cjtroxclair
Returning Member

I missed applying Capital Loss Carryover in last year’s filing; am I able to apply it to this year?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
MarilynG1
Expert Alumni

I missed applying Capital Loss Carryover in last year’s filing; am I able to apply it to this year?

You should Amend your 2018 Return to claim the loss, especially if it would make a difference in your Refund, as you can't add that amount to this year's return

 

If you are claiming a Carryover Loss of $3,000 a year, you could subtract that amount from your 2017 Carryover amount (that should have been claimed in 2018) and enter the carryover balance in your 2019 return.

 

Click this link for info about Skipping Carryover Losses .

 

 

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
cjtroxclair
Returning Member

I missed applying Capital Loss Carryover in last year’s filing; am I able to apply it to this year?

Thanks - in order to amend the 2018 Return and claim the loss there, how can I do so? In the past, I have used a Sch D form to account for carryover. 

MarilynG1
Expert Alumni

I missed applying Capital Loss Carryover in last year’s filing; am I able to apply it to this year?

Yes, you are correct.  There is a 'Schedule D Worksheet' where your Carryover Loss appears, then is carried over to Schedule D, line 7 or 15.

 

Type 'capital loss carryover' in the Search area, then 'Jump to capital loss carryover' to get there.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question