Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted May 8, 2020 4:45:44 PM

Why does turbotax keep asking to revisit the capital loss carryover amount? it says it is zero but I did not use up all of the loss last year

my loss in 2017 was $9691. In 2018 turbotax calculated that I had -$316 carryover and now for 2019 it says carryover is zero. why can't I take anymore loss?

0 1 195
1 Replies
Level 15
May 8, 2020 4:51:34 PM

On the income page The 2019 column shows the carryover to 2020 (not your current loss for 2019).  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 for next year.