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New Member
posted Jun 3, 2019 12:49:55 PM

Will my capital gains loss carryover show up on my form 1040

my capital gains loss carryover is not showing up on my Form 1040. Why?

0 6 805
6 Replies
Level 15
Jun 3, 2019 12:49:57 PM

Look at 2017 first to make sure it shows a -$3,000 capital loss on the Form 1040.  Then when you started the 2018 return, did you transfer in the prior year return?

New Member
Jun 3, 2019 12:49:58 PM

I did not transfer it in. It didn't offer me the option as I thought it had before. I do have a $3000 capital loss carryover. Do you know if I can clear it all out and start over so I an transfer 2017 in? I am working on a CD that we downloaded to my computer and I did register.

Level 15
Jun 3, 2019 12:49:59 PM

No need to start over, I'll put in answer below on how you can enter it in the program.

New Member
Jun 3, 2019 12:50:00 PM

Last year the loss showed on the front page of form 1040, but i don't see it this year. is it deducted from my taxes?

Level 15
Jun 3, 2019 12:50:04 PM

It is still on line 13, however it is not on Schedule 1 which is the first schedule of the Form 1040.  

Level 15
Jun 3, 2019 12:50:05 PM

Go to Federal taxes

then to Wages and Income

then "I'll chose what to work on"

Look for Investments

 and 2nd one is Capital Loss carryover

Just remember when you enter it (the capital loss carryover) enter it as a positive number here.  So if your carryover loss is -$13,000 enter 13,000 as carryover. 

This will take care of it.

To find the loss look at 2017 Sch D.