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randy-frosh
New Member

Trying to find the amount of capital loss carryover left for next year

 
1 Reply
VolvoGirl
Level 15

Trying to find the amount of capital loss carryover left for next year

Schedule D doesn't actually show the carryover amount. To find your  Capital Loss Carryover amount you need to look at your  return schedule D page 2.  Line 16 will be your total loss and line 21 should be a max loss of 3,000.  The difference between line 16 and 21 is the carryover loss.  

If you used the desktop version or have the complete pdf of your last year's return you might have the  Capital Loss CO (carryover) worksheet that will tell you the amount.


There is also a Carryover Worksheet.   In the Online version you have to save your return with all the worksheet as a pdf file to your computer to see the Capital Loss carry over worksheet.  There might be 2.   There is a Capital Loss Carryover Worksheet showing the carryover from the prior year and the current amounts.  Then there is also the Capital Loss Carry Forward worksheet showing the amount transferring over to next year.

You can also see the Capital Loss Carryover to next year by looking at the Income Summary Screen,
Federal Taxes Tab
Wages and Income
Then scroll down to Investment Income
The amount in the current year Column for Capital Loss Carryover will be the carryover to next year (not the current loss)

And then if you click the Update button by it and continue to the 3rd screen will be a Capital Loss Carryover Summary which shows it too.
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