How can I find if my capital loss was carried over from 2020 to 2021

[shirleyh88]

Hello Weridelong,

Thank you for reaching out to us with your tax question.

To check if your capital loss was carried over from tax year 2020 to 2021, please look for Schedule D on your 2020 tax return.

Compare lines 16 and 21 on Schedule D – if the loss on line 16 is greater than the amount shown on line 21 (if they are both positive numbers), your 2020 loss will be carried over to 2021.

If you transferred data from 2020’s TurboTax return to your 2021 return, your loss carryover should already be accounted for.

Please let me know if you have additional questions. Have a great day! Thank you!

Regards,

Shirleyh88

[JaredS_CPA]

Hello Weridelong,

Thank you for participating in our Ask the Expert event today. As to your question, if you used TurboTax for both of those years it would automatically carry it over from 2020 to 2021.

Whether you did or did not use TurboTax, you can look at your 2021 Schedule D, line 6 (short-term) or line 14 (long-term) to make sure it was carried over.