My wife passed away in 2016. I now opened a new turbo tax account for 2017 and single. Do I still have access to the capital loss carryforward I ended with in 2016?

Forum|Forum|7 years ago
June 1, 2019
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Best answer by KittyM

Yes, you do, but not in your new account. You would have to pull this information over from your old account manually.

TurboTax recommends that you do not start a new account when you lose a spouse, because you lose all the carryover activity in a new account. You can still use your old account and all the information that is stored in it. All you need to do is remove your wife's information from your 2017 return, and update to your current filing status of single.

If you want to continue with the new account, here is how to enter your Capital Loss Carryforward:

In your open Federal return, type "capital loss carryover" in the Search box in the upper right of your screen.
Click on the first link, "Jump to capital loss carryover."
On the first screen Did you have investment losses you couldn't claim in 2016? say Yes and you will be in the capital loss carryover interview.

My condolences on the loss of your wife.

KittyMAnswer

Level 10

Yes, you do, but not in your new account. You would have to pull this information over from your old account manually.

If you want to continue with the new account, here is how to enter your Capital Loss Carryforward:

In your open Federal return, type "capital loss carryover" in the Search box in the upper right of your screen.
Click on the first link, "Jump to capital loss carryover."
On the first screen Did you have investment losses you couldn't claim in 2016? say Yes and you will be in the capital loss carryover interview.

My condolences on the loss of your wife.