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Level 2
January 16, 2024
Question

Captial Loss Carryover

  • January 16, 2024
  • 2 replies
  • 0 views

The Capital Loss Carryover worksheet in TurboTax 2023 is for 2022 to 2023, not 2023 to 2024. When will this be updated?

    2 replies

    SteamTrain
    Level 15
    January 16, 2024

    The form 8949 is currently scheduled to be ready after 17 January (but they could change the date)

    .....I suspect it would be the same time that form is ready....so check back the 18th or 19th.

    ____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
    rjs
    Level 15
    Level 15
    January 16, 2024

    The capital loss carryover from 2023 to 2024 will be calculated when you file your 2024 tax return next year. For your 2023 tax return that you are filing now you need the carryover from 2022 to 2023.


    In the IRS instructions for Schedule D for 2023 tax returns the Capital Loss Carryover Worksheet is for 2022 to 2023.