What you have entered is that your 2024 net capital losses (of $-2,714) were totally used up last year as the Schedule D Line 21 allowable loss (of $-2,713) against 2024 taxable income for the year, and so TurboTax is correct in showing that you would not have a remaining carryover amount to this years' taxes. From the IRS instructions, you have a capital loss carryover if your losses on Sch. D Line 16 exceed the allowable loss on Line 21.
If you're confident your 2024 net capital losses were not fully used up against taxable income, print your 2024 tax return to PDF and pull the exact figures from Schedule D Lines 7, 15, and 21:
If you've started your return already
Sign in to your TurboTax account. Make sure you're using the same TurboTax account (same user ID) as in previous years.
There are two ways to get your prior-year returns:
- Select Documents from the menu, use the dropdown menu to choose the tax year you want, and select Download tax PDF.
- On Tax home, scroll down and select Your tax returns & documents. Select the year you want and select Download/print return (PDF).
If the year you're looking for isn't there, it might be in a different account. Go here to find all of your accounts. One of them should have the return you're looking for.
^ TurboTax FAQ - How do I view, download, or print a prior-year tax return?
Learn more:
IRS - Instructions for Schedule D (Form 1040)
TurboTax - Capital Gains and Losses
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