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Where do I enter a long-term capital loss carryforward on the online TurboTax Free Edition?

 
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Where do I enter a long-term capital loss carryforward on the online TurboTax Free Edition?

For a capital loss carryover -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Under Investment Income
  • On Capital Loss Carryover, click the start or update button

Or enter capital loss carryover in the Search box located in the upper right of the program screen. Click on Jump to capital loss carryover

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4 Replies

Where do I enter a long-term capital loss carryforward on the online TurboTax Free Edition?

For a capital loss carryover -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Under Investment Income
  • On Capital Loss Carryover, click the start or update button

Or enter capital loss carryover in the Search box located in the upper right of the program screen. Click on Jump to capital loss carryover

Where do I enter a long-term capital loss carryforward on the online TurboTax Free Edition?

Thanks for your reply, DoninGA...got it!

ghweaver
New Member

Where do I enter a long-term capital loss carryforward on the online TurboTax Free Edition?

I don't believe this advice is still valid.  I am told that, for 2022, you cannot create a Schedule D (which is what you need to report a capital loss carryover) in the free edition.  You have to upgrade to Premier.

TeresaM
Expert Alumni

Where do I enter a long-term capital loss carryforward on the online TurboTax Free Edition?

DoninGA gave directions for the TurboTax Desktop/Download product Home and Business, and those are still valid. 

In TurboTax Online, you are correct, it would require either the  Premier or Self-Employed version.
This screen is from the online version, in Wages and Income, on the left menu, then Investments and Savings, and Capital Loss Carryover

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