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mrchaiken
New Member

Will the capital gains loss in 2020 automatically roll into 2021 so I can claim another $3000 credit or do I need to enter it manually? Used turbotax both years.

 
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2 Replies
Hal_Al
Level 15

Will the capital gains loss in 2020 automatically roll into 2021 so I can claim another $3000 credit or do I need to enter it manually? Used turbotax both years.

Q. Will the capital gains loss in 2020 automatically roll into 2021 so I can claim another $3000 deduction?

A. Yes. To verify, look at line 14 of Schedule D (long term carry over) and /or line 6 (short term). 

 

 

 

 

KrisD15
Expert Alumni

Will the capital gains loss in 2020 automatically roll into 2021 so I can claim another $3000 credit or do I need to enter it manually? Used turbotax both years.

It SHOULD carry-over, but you should always check and verify. 

 

Under Business, scroll down to "Less Common Business Situations" and select Net Operating Loss/QBI Carryforward Loss 

 

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