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angel8600
New Member

Why do I have a capital gain carry over from last year. I didn't have a loss that I am aware of. How do I see where this comes from

 
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2 Replies

Why do I have a capital gain carry over from last year. I didn't have a loss that I am aware of. How do I see where this comes from

Check your prior year Schedule D.   If your net capital loss was in excess of $3,000, that amount of loss will carryforward to 2020.

 

JohnB5677
Expert Alumni

Why do I have a capital gain carry over from last year. I didn't have a loss that I am aware of. How do I see where this comes from

After you've checked your 2019 return and confirmed that should not have received the carryover. 

 

You can correct it on your 2020 tax return by:

  1. Income
  2. Scroll to Investment income
  3. Select Capital loss Carryover
  4. Make your correction.
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