Skip to main content
Level 2
Feb 4, 2022 2:36 PM UTC
Question

Capital Loss Carry Over - Help

Hi - I'm working on my Capital Loss Carry over, and it's asking for form 6251 from my 2020 taxes.  I do not have form 6251 from my 2020 taxes.

 

I'm trying to figure out what I am supposed to put in this box.

 

In the "On Demand Tax Guidance", it sayd you can use your "regular" taxable income from 2020 Form 1040, 10.

 

I do not have anything in line 10.

 

If someone can help, I would appreciate it.

    2 replies

    Alumni - Intuit
    Feb 4, 2022 3:17 PM UTC

    The taxable income figure from your 2020 tax return is found on line 15, Form 1040.  This is the figure you need for your entry when entering your capital loss carryover.  Once you have that information you can proceed to complete your capital loss carryover.

    • The image below if from TurboTax Online version.  I will review TurboTax CD/Download as well.
    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
    Alumni - Intuit
    Feb 4, 2022 3:18 PM UTC

    The taxable income figure from your 2020 tax return is found on line 15, Form 1040.  This is the figure you need for your entry when entering your capital loss carryover.  Once you have that information you can proceed to complete your capital loss carryover.

    • The image below if from TurboTax Online version.  I will review TurboTax CD/Download as well.
    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"