turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

kjmcgrath
New Member

Did the long-term capital gain/loss carryover deduction go away - it used to be on 1040 line 13?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

Did the long-term capital gain/loss carryover deduction go away - it used to be on 1040 line 13?

No it's still there.  It's now on the new Schedule 1 line 13 which goes to 1040 line 6.

If you transferred your prior return it should be already filled in.

Enter a Capital Loss Carryover under
Federal Taxes or Personal (Home & Business)
Wages and Income
Then scroll down to Investment Income
Capital Loss Carryovers - Click the Start or Update button

Did the long-term capital gain/loss carryover deduction go away - it used to be on 1040 line 13?

Capital Gains and Losses now go on the new Schedule 1 line 13.  Then the total on schedule 1 line 22 gets added into 1040 line 6.  
<a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/f1040s1.pdf">https://www.irs.gov/pub/irs-pdf/f1040s1.pdf</a>
kjmcgrath
New Member

Did the long-term capital gain/loss carryover deduction go away - it used to be on 1040 line 13?

Thanks. I did transfer my 2017 return and it was not picked up on my 2018 return. This is the first time I used the online version of turbotax. I will probably file an amended return.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies