☰
✕
Sign In

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 Oct 15, 2020 7:59:53 PM

Will Turbo-tax automatically carry-over my remaining 2018 capital loss on Cryptocurrency from Schedule-D?

For 2018 I filed Cryptocurrency trades under "Stocks, Mutual Funds, Bonds, Other".
For 2019 I'm using Cryptocurrency section for capital gains and losses.

Will Turbo-tax automatically carry-over my remaining 2018 capital loss on Cryptocurrency from Schedule-D?
If I say no in the "Stocks, Mutual Funds, Bonds, Other" section, will I still get Schedule-D?

0 3 587
3 Replies
Not applicable
Oct 15, 2020 11:23:57 PM

yes it will carryover and unused capital loss.  however, you must use the same a/c as for 2019. many taxpayers have multiple a/c's and if you don't use the same a/c there will be no transfer. 

New Member
Oct 15, 2020 11:53:41 PM

Thank you. By a/c, you mean account?

Level 15
Oct 17, 2020 4:52:23 PM

Yes ... if you use the same account for both tax years then the carryover SHOULD happen automatically however when you use any DIY program you are responsible for making sure everything DID carryforward properly.