Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 28, 2025 3:59:59 PM

Can I carry over the remainder of a loss to my 2024 tax return? In 2023, I had a loss of $6257 (Line 16), but I was only able to claim $3,000 (Line 21) of it as a loss.

The line references above are from Schedule D.

0 2 566
1 Best answer
Level 15
Feb 28, 2025 4:01:11 PM

Yes.   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

You enter the full amount that carried over, not just the 3,000

 

2 Replies
Level 15
Feb 28, 2025 4:01:11 PM

Yes.   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

You enter the full amount that carried over, not just the 3,000

 

New Member
Feb 28, 2025 4:31:42 PM

Thank you! I didn't use Turbo Tax in for 2023 taxes so it wasn't automatically filled in.