topic I have a Capital Loss Carryover from 2023. I have entered this into TurboTax and it should reflect an entry of (3000) on my 1040 Line 7. Why is it not showing on 1040? in Investors & landlords

I have a Capital Loss Carryover from 2023. I have entered this into TurboTax and it should reflect an entry of (3000) on my 1040 Line 7. Why is it not showing on 1040?

wfc23 — Tue, 03 Feb 2026 13:05:26 GMT

Re: I have a Capital Loss Carryover from 2023. I have entered this into TurboTax and it should re...

JohnW152 — Wed, 05 Feb 2025 17:42:12 GMT

It almost surely is. Capital loss carryover is initially entered on your Schedule D. If you have no current-year capital gains or losses, your carryover amount will appear on line 7 of Form 1040.

However, if you have current-year capital gains or losses, the carryover will be considered in the Schedule D computation, along with those gains or losses.

When you input your capital loss carryover data into the TurboTax program, it will generate on line 6 of your Schedule D if it's a short-term carryover, or line 14 if it's a long-term carryover.

See the Capital Loss Carryover Worksheet—Lines 6 and 14 in the 2024 Instructions for Schedule D for more information.

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Re: I have a Capital Loss Carryover from 2023. I have entered this into TurboTax and it should re...

wfc23 — Thu, 06 Feb 2025 21:08:06 GMT

The capital loss carryover should result in a capital loss of $3000 on Line 7 of the 1040. I calculated the capital loss by hand using the IRS instructions. TurboTax shows 0 capital loss on Line 7.

Re: I have a Capital Loss Carryover from 2023. I have entered this into TurboTax and it should re...

fanfare — Fri, 07 Feb 2025 01:18:21 GMT

if your 2024 SELL transactions used up your carryover, you won't get any loss deductions

In that case, Line 7 would be positive.

break even to exactly -0- is a rare occurrence.

@wfc23

Re: I have a Capital Loss Carryover from 2023. I have entered this into TurboTax and it should re...

wfc23 — Fri, 07 Feb 2025 18:18:36 GMT

I had no capital gains in 2024. The IRS worksheet calculations result in $3000 to be entered on Line 7 of the 1040. TT does not enter that amount on Line 7.