topic Capital loss carry over credit in Investors & landlords

Capital loss carry over credit

jpetersenbus1 — Wed, 11 Feb 2026 04:24:23 GMT

Why is my capital loss carry over credit used before my dependent credit to reduce my tax in turbo tax? I end up not using any of my dependent credit.

Re: Capital loss carry over credit

Bsch4477 — Mon, 05 Feb 2024 21:56:01 GMT

Your capital loss part of calculation of your AGI which in turn determines your tax liability. Credits are then applied toward that liability.

Re: Capital loss carry over credit

AnnetteB6 — Mon, 05 Feb 2024 21:57:13 GMT

The capital loss carryover is not a credit that reduces your income tax. It is a loss or negative income amount that reduces your income. If your income was reduced low enough so that you did not have any taxable income, and therefore no income tax, then your child tax credit could have been affected.

These items are subtracted and calculated in a certain order based on the tax return itself and which line the items are reported. There are no changes you can make to change the outcome.

@jpetersenbus1

Re: Capital loss carry over credit

Mike9241 — Tue, 06 Feb 2024 01:24:03 GMT

it's not a credit but a deduction that reduces taxable income