Does TurboTax Deluxe calculate and carry forward unusable capital losses from one year to the next?

GaryNF — Tue, 10 Feb 2026 09:42:28 GMT

Re: Does TurboTax Deluxe calculate and carry forward unusable capital losses from one year to the next?

DoninGA — Mon, 22 Jan 2024 20:38:27 GMT

The TurboTax Deluxe desktop CD/Download edition does carryforward investment sale losses.

Re: Does TurboTax Deluxe calculate and carry forward unusable capital losses from one year to the next?

VolvoGirl — Mon, 22 Jan 2024 20:42:21 GMT

For Online versions you would need Premium.

On the income page The 2023 column shows the carryover to 2024 (not your current loss for 2023). 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.

There is also a Carryover Worksheet showing the carryover from the prior year and the current amounts. Then there is also the Capital Loss Carry Forward worksheet showing the amount transferring over to next year.

In the Online version you have to save your return with all the worksheet as a pdf file to your computer to see the Capital Loss Carry Over and Carry Forward worksheets.

In the Desktop program you can go to Forms and find it in the list in the left column.

If you have a negative AGI or negative taxable income it will show up on 1040 BUT it won't reduce the carryover to the next year.

topic Does TurboTax Deluxe calculate and carry forward unusable capital losses from one year to the next? in Get your taxes done using TurboTax

Does TurboTax Deluxe calculate and carry forward unusable capital losses from one year to the next?

Re: Does TurboTax Deluxe calculate and carry forward unusable capital losses from one year to the next?

Re: Does TurboTax Deluxe calculate and carry forward unusable capital losses from one year to the next?