Not seeing losses for current year in tax return created by Turbo Tax

worldtraveler78 — Tue, 11 Feb 2025 02:35:27 GMT

I am using Turbo Tax and prepared my 2024 tax return. I have some carry over losses from 2023. I also had more losses from 2024. I had successfully imported my consolidated 1099 and Form 1099-B into Turbo Tax. However, "Schedule D" that was generated by Turbo Tax is empty and my return doesn't seem to reflect the carryover loss from this year. Did I miss something?

Re: Not seeing losses for current year in tax return created by Turbo Tax

maglib — Tue, 11 Feb 2025 04:58:24 GMT

@worldtraveler78 We cannot see your return.

How did your start your return? Which TT product are you utilizing? Did you transfer last years return to start this year?

If you transferred last year's TurboTax return over, you don't have to do a thing—we've already entered it for you.

Otherwise, follow these instructions:

Open or continue your return.
Navigate to the capital loss carryover section:
- TurboTax Online/Mobile: Go to capital loss carryover.
- TurboTax Desktop: Search for capital loss carryover, and then select the Jump to link.
Select Yes on the screen Did you have investment losses you couldn't claim last year?
Enter the info about your capital loss on the following screens.

topic Not seeing losses for current year in tax return created by Turbo Tax in Get your taxes done using TurboTax

Not seeing losses for current year in tax return created by Turbo Tax

Re: Not seeing losses for current year in tax return created by Turbo Tax