Passive carryover loss

Locos1969 — Sun, 15 Mar 2020 21:05:24 GMT

I am a new user to TurboTax. Where am I able to enter carryover losses prior to 2018 so TurboTax can keep track of this number going forward?

Re: Passive carryover loss

AlanT222 — Sun, 15 Mar 2020 21:22:01 GMT

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, just open your TurboTax return, search for capital loss carryover, and then select the Jump to link in the search results.

We'll take you to the screen where you can enter that info from your prior year return.

Unfortunately, if the capital loss is not on the prior year's return, you will have to amend your returns so that the loss will show up on your 2018 income tax return. You cannot skip a year.

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Passive carryover loss

Re: Passive carryover loss