Hawaii capital loss carryover - missing long term entry

[taxslow]

I am filing Hawaii nonresident income tax Form N15. I have Hawaii long and short term capital loss carryovers from previous years. Turbotax Deluxe 2024 desktop is showing an entry for short term losses, but never shows an entry to input long term losses. Is this a bug? Also, shouldn't Turbotax automatically fill these Hawaii capital loss carryovers from 2023 like the Federal return? I need to input it manually.

[DianeW777]

It depends. The carryover losses are allowed regardless of short term or long term and will offset any capital gains in the current tax year or increase any capital loss carryover. Enter your carryover loss in your Hawaii (HI) return. It's always important to check the carryover because TurboTax may not know if you changed a prior year return (federal and state).

The short term capital loss carryover from 2023 can be used to offset the long term capital gain in 2024.

Typically, the short term capital loss carryover would be used to offset the short term capital gains, and the long term capital loss carryover would be used to offset the long term capital gains in a current year.

However, when there is only one type of capital loss being carried over, it can be used to offset the current year capital gain regardless of it is for a short term or long term capital loss.

For Hawaii (HI) the answer assumes the losses carried over and occurred from a residency period. 

[taxslow]

I had both Hawaii short and long term carryover losses from 2023. I used none of it for 2024. In the previous screen shot there is an entry to enter only short term carryover losses. There is no place to enter long term carryover losses. I checked Turbotax 2023, and it shows both short and longer term entries as shown. So it must be a bug.

[MarilynG1]

Check your Federal Carryover Worksheet from 2023 to see if it shows both Long and Short Term Carryover losses. If it does, and the Long Term Carryover amount doesn't show on the 2024 Capital Loss Carryover Worksheet, you could add these amounts together, and enter the total in the your 2024 return.  It's possible this didn't transfer from 2023 to 2024 properly. 

If the 2023 Federal Carryover Worksheet doesn't show a Long Term Capital Loss Carryover, you may have used it in 2023. 

As @DianeW777 stated, 'However, when there is only one type of capital loss being carried over, it can be used to offset the current year capital gain regardless of it is for a short term or long term capital loss.'  

You could do a Manual Update to see if this changes the entry on that screen.

@taxslow